New Starbucks CEO Laxman Narasimhan has taken the helm of the giant coffee retailer from Schultz almost two weeks earlier than anticipated.  ( 11 min )

Learn the differences between negotiating a debt settlement with your existing creditors and applying for a new consolidation loan to replace them.  ( 18 min )

Lenders use different versions and types of FICO scores depending on the type of credit you're seeking and other issues.  ( 17 min )

FICO credit scores help lenders gauge credit risk. Here's what FICO credit scores mean, how they're calculated, and why they matter for your finances.  ( 19 min )

The FDIC Improvement Act was passed in 1991 in response to the savings and loan crisis to improve the FDIC's role in protecting consumers.  ( 15 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 11 min )

U.S. equities advanced as moves to prop up struggling banks boosted optimism about the sector.  ( 11 min )

Revolving credit and installment credit are two basic types of credit. They differ in how borrowers use and repay them.  ( 16 min )

A debt collector tries to recover past-due debts for creditors in return for a fee.  ( 17 min )

You can check if your 401(k) is socially responsible by looking at the investments that make up your portfolio. You can talk to your 401(k) provider to make changes, too.  ( 14 min )

Your credit score can be an asset in financial situations, but only if you know where you stand. Learn how you can find your score without hurting it.  ( 16 min )

A confirmed letter of credit is a letter of credit with a second guarantee obtained by a borrower in addition to the first letter of credit.  ( 15 min )

Before you decide to file for Chapter 7 or Chapter 13 bankruptcy, consider the alternatives and the consequences.  ( 19 min )

Learn how probability of default (PD), loss given default (LGD), and exposure at default (EAD) can be used to help quantify total credit risk.  ( 15 min )

Open-end credit is a loan from a financial institution to a borrower that the borrower can draw money from repeatedly up to a certain pre-approved limit. Unlike closed-end credit, it has no fixed end date for repayment.  ( 16 min )

Policymakers at the Federal Reserve face a tough decision at their meeting this week: ratchet up its interest rate again to quell inflation, or hold it steady to avoid stressing the financial system?  ( 12 min )

Learn which types of IRA accounts are protected from creditors in a bankruptcy, and to what dollar value each type of IRA is protected.  ( 17 min )

Credit scoring generates a three-digit score that ranks a borrower's riskiness. Here's how credit scoring works and how to improve your credit score.  ( 18 min )

This week’s cryptocurrencies to keep an eye on are Bitcoin (BTC), Conflux (CFX), Mask Network (MASK), Fantom (FTM), and Neo (NEO).  ( 13 min )

Regardless of your age, taking these five steps will help you build a solid retirement plan.  ( 21 min )

Understand the differences between Chapter 11 and Chapter 13 bankruptcy, as well as the income and debt level requirements for both.  ( 19 min )

Systematic risk, also known as market risk, is the risk that is inherent to the entire market, rather than a particular stock or industry sector.  ( 16 min )

ChatGPT is a chatbot capable of understanding context and providing natural, fluid dialogue responses to prompts and queries.  ( 18 min )

With Industrial and Commercial Bank Of China in the top spot these are the 10 biggest banks by 12-month trailing revenue.  ( 17 min )

First Republic Bank shares slid further after Standard & Poor's downgraded the company lower than last week's junk rating, while other regional bank stocks rebound.  ( 11 min )

First Republic Bank shares slid further after Standard &Poor's downgraded the company lower than last week's junk rating, while other regional bank stocks rebound.  ( 11 min )

President Biden vetoed a Republican attempt to strike down the DOL's new ESG rule Monday, which allows retirement plan fiduciaries to consider environmental, social, and governance (ESG) factors when making investments.  ( 12 min )

Rates on 30-year loans gave up another two basis points, lowering the flagship average to its cheapest level in five weeks.  ( 12 min )

Learn how to file back taxes and limit penalties and interest charges if you missed a filing deadline or failed to pay your tax bill in full.  ( 19 min )

An exit strategy is the method by which a venture capitalist, business owner or investor intends to get out of an investment that they are involved in or have made in the past.  ( 20 min )

The back-end ratio indicates what portion of a person's monthly income goes toward paying debts. Learn how to calculate them and how they are used in lending.  ( 14 min )

Justin Wolfers, professor of public policy and economics at the University of Michigan, joins the Investopedia Express this week. Justin says the economy is in much better shape than most people think, and believes the Fed can actually hike interest rates while putting out the contagion around banks. Plus, big tech is back in the driver's seat as investors return to their old favorites in search of safety and the prospect for a pause in rate hikes.  ( 12 min )

A soft credit check, or soft inquiry, is a credit report check that does not affect an individual’s credit score. A hard pull will temporarily hurt your credit score.  ( 18 min )

News of the day for March 20, 2023  ( 11 min )

An implied contract is a legally-binding agreement created by the actions, behavior, or circumstances of the parties involved. Written proof is not needed.  ( 16 min )

The turnover ratio in an investment portfolio or a mutual fund is the percentage of assets that have been replaced in one year.  ( 17 min )

Most non-digital banking related deposits and loans of Signature Bank were sold to New York Community Bancorp's Flagstar Bank, that will also take over Signature's 40 branches.  ( 12 min )

Autocorrelation shows the degree of correlation between variables over successive time intervals.  ( 16 min )

Twitter has acquired technology companies, making it one of the world's most popular social media platforms. Here are five of those companies.  ( 16 min )

Saudi Crown Prince Mohammed bin Salman last year directed government-backed Saudi National Bank to make a $1.5 billion investment in Credit Suisse that his financial advisers harbored doubts about.  ( 29 min )

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(Bloomberg) -- Bank failures, market turmoil and ongoing economic uncertainty as central banks battle high inflation have increased the chances of a “Minsky moment,” according to JPMorgan Chase & Co.’s Marko Kolanovic.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessThe One Big Winner and Many Losers of UBS’s Credit Suisse RescueMorgan Stanley Strategist Says Bank Stress Signals Bear Market EndStocks St  ( 47 min )

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Doubts raised as a result of a Delaware Court of Chancery decision regarding another company seem to be behind the EV stock's slide.  ( 23 min )

Efforts to reassure the public that First Republic is safe have so far been unsuccessful as bank's shares plunge.  ( 48 min )

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Based on how Rivian stock is trading, investors have given up on the electric truck maker. It may need a change in spending philosophy.  ( 23 min )

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A US-based developer of small nuclear reactors has signed a deal to sell 24 of its power plants to UK customers, putting pressure on rival makers including Rolls-Royce.  ( 48 min )

(Bloomberg) -- The speed with which four banks collapsed — and one continues to struggle — has left investors reeling. While the failures came in the span of just 11 days, the scenarios that brought them down were each unique.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessThe One Big Winner and Many Losers of UBS’s Credit Suisse RescueMorgan Stanley Strategist Says Bank Stress Signals Bear Market EndS  ( 49 min )

President Biden vetoed a Republican attempt to strike down the DOL's new ESG rule Monday, which allows retirement plan fiduciaries to consider environmental, social, and governance (ESG) factors when making investments.  ( 13 min )

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(Bloomberg) -- First Republic Bank slid to an all-time low after S&P Global lowered the lender’s credit rating for the second time in a week and the Wall Street Journal reported that executives from major banks were discussing fresh stabilization efforts.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessThe One Big Winner and Many Losers of UBS’s Credit Suisse RescueMorgan Stanley Strategist Says Bank St  ( 47 min )

This time the job cuts will hit Amazon's highly profitable cloud division.  ( 15 min )

When Amazon announced it was laying off another 9,000 employees today, AWS employees were not exempt with Amazon CEO (and former AWS CEO) Andy Jassy announcing the cloud division would be included into today’s round. TechCrunch is hearing that around 10% of today’s total came from AWS. The company would not confirm those numbers, instead referring to Jassy's memo to employees that was published this morning as the gist of its statement.  ( 47 min )

Hedge-fund manager Leon Cooperman said the current financial crisis isn't much of surprise. He divulged some sectors and one stock that he's buying now.  ( 26 min )

The tech trade comes back.  ( 46 min )

JPMorgan Chase & Co. CEO Jamie Dimon is working to raise additional capital for First Republic Bank The Wall Street Journal reported at midday. Citing...  ( 23 min )

Carnival's stock surges after Deutsche Bank makes a short-term "catalyst call" to buy ahead of the cruise operator's earnings report.  ( 25 min )

The suit follows similar action against celebrity endorsers of FTX like Tom Brady and Madonna.  ( 48 min )

The JPMorgan Chase chief executive is leading discussions with the chief executives of other big banks about fresh efforts to stabilize troubled First Republic Bank.  ( 27 min )

Reuters Credit Suisse Bondholders Enraged As $17B Of AT1 Debt To Be Written Down To Zero: What It Means Credit Suisse Group AG (NYSE: CS) said 16 billion Swiss francs ($17.24 billion) of its additional tier 1 (AT1) debt, a type of bond, will be written down to zero on the orders of the Swiss regulator FINMA as part of its rescue merger with UBS Group AG (NYSE: UBS). The decision by the Swiss regulator would mean AT1 bondholders may be left with nothing while shareholders, who sit below bonds in  ( 50 min )

Invest in what matters to you.  ( 49 min )

(Bloomberg) -- Amazon.com Inc. is laying off an additional 9,000 employees, adding to cuts that were already the largest round of firings in the company’s history.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessThe One Big Winner and Many Losers of UBS’s Credit Suisse RescueMorgan Stanley Strategist Says Bank Stress Signals Bear Market EndStocks Stage Relief Rally as Banking Jitters Ease: Markets WrapC  ( 48 min )

In the wake of unprecedented short squeezes involving stocks like GameStop and AMC in early 2021, a group of retail investors from the Reddit forum r/WallStreetBets (and the spinoff called r/WallStreetSilver) set their sights on the silver market, attempting to challenge Wall Street giants with a so-called "silver short squeeze." The silver short squeeze movement was sparked on the r/WallStreetBets forum, where users urged each other to buy silver and silver-related assets to drive up prices and  ( 47 min )

As concerns over a looming banking crisis weigh on the minds of investors, one economist says the ultimate outcome will depend on three major questions.  ( 48 min )

Prepare. The author sees more pain ahead.  ( 48 min )

The Federal Reserve will either pause interest rates or hike rates by 25 basis points at its meeting Wednesday. Here are the pros and cons of each move.  ( 25 min )

(Bloomberg) -- For all the focus on whether the Federal Reserve is about to pause its interest-rate hikes, there’s another critical policy decision sure to draw plenty of attention come Wednesday: What the central bank does with its massive pile of bond holdings.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessThe One Big Winner and Many Losers of UBS’s Credit Suisse RescueMorgan Stanley Strategist Says  ( 50 min )

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While electric vehicles (EVs) are getting the headlines in the automotive industry, there are two other trends that will reward closer investor attention. These are driver assistance and autonomous vehicles. These are based on similar technologies – advanced sensor systems, machine learning and AI, and interactive interfaces for the human operator – but they fill different roles. For investors, however, these technologies will offer a realm of opportunities where the rubber meets the road. The a  ( 49 min )

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https://cdn.benzinga.com/files/images/story/2023/03/20/pdd.png?optimize=medium&dpr=2&auto=webp&crop=1200%2C800 PDD Holdings Inc. (NASDAQ: PDD), which owns and operates a portfolio of businesses, including Pinduoduo and Temu, reported fourth-quarter FY22 sales growth of 46% year-on-year to $5.77 billion, missing the consensus of $5.95 billion. Revenues from online marketing services and others rose 38% Y/Y to $4.489 billion. Revenues from transaction services jumped 86% Y/Y to $1.275 billion. Rev  ( 46 min )

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There's an ideal level to buy.  ( 10 min )

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For Credit Suisse's 50,000 employees, many questions remain.  ( 27 min )

The Bank of England and Brussels have turned on Swiss officials for wiping out Credit Suisse debt investors in an emergency rescue deal, amid fears the move could spread fear throughout the banking sector.  ( 50 min )

Bed Bath & Beyond Inc.'s stock tumbled after the struggling retailer said it planned to ask shareholders to vote on a reverse stock split.  ( 25 min )

Approximately 80% of all Americans aged 60 and older are homeowners, and housing wealth accounts for about 48% of the median wealth of that group. As retirees near large cities, and strong housing markets, start retiring, they realize they can … Continue reading → The post Vanguard Says Retirees Can Add at Least $100k to Retirement Savings By Doing This appeared first on SmartAsset Blog.  ( 50 min )

Raymond James analyst Pavel Molchanov said he was turning positive on the maker of solar inverters for the first time since 2013.  ( 23 min )

Is Mr. Wonderful bailing on crypto? Not quite.  ( 49 min )

Foot Locker will unveil long-term growth initiatives and financial targets at its investor day presentation.  ( 47 min )

New York Community Bancorp's shares soared after the company agreed to buy deposits and loans from the failed Signature Bank of New York.  ( 26 min )

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NYCB stock benefits from news it is snapping up some assets of failed Signature Bank.  ( 24 min )

Oil futures remain under pressure, failing to find support after UBS's takeover of Credit Suisse.  ( 24 min )

Proterra announced key amendments to the credit agreement related to its convertible debt.  ( 23 min )

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Wedbush on Monday upgraded New York Community Bancorp Inc. to outperform from neutral based on its expected earnings boost from its acquisition of Signature...  ( 23 min )

U.S. stock futures wavered ahead of the open on Monday morning following UBS’ deal to buy smaller rival Credit Suisse, in a bid to avoid further market-shaking turmoil in global banking.  ( 49 min )

Bitcoin traded above US$28,000 on Monday afternoon in Asia, a gain of 25% over last week, as a banking crisis in the U.S. and Europe prompted traders to see Bitcoin as a safe haven.  ( 47 min )

First Republic continues slide as U.S. banks fall. UBS and Credit Suisse weigh on banks after megadeal, while analyst ponders fate of bank deposits.  ( 25 min )

The move comes one week after the New York bank was shut down by regulators.  ( 24 min )

(Bloomberg) -- Steve Chiavarone doesn’t want to scare anyone, but what he remembers most from the last banking crisis was how sure most people were that it wouldn’t happen.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessThe One Big Winner and Many Losers of UBS’s Credit Suisse RescueWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion Offer  ( 52 min )

Shares of First Republic Bank tumbled 14.6% toward a record low Monday, after the troubled bank had its credit rating slashed deeper into junk territory over...  ( 23 min )

Wall Street largely sees positive signs while digesting the historic deal.  ( 49 min )

(Bloomberg) -- Bank stocks slumped Monday as investors reeled from the historic takeover of Credit Suisse Group AG that will wipe out a class of bondholders, adding to this month’s $1 trillion plunge in global financial shares.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferThe One B  ( 50 min )

(Bloomberg) -- Gold steadied, after rising above $2,000 an ounce for the first time in a year after a deal to buy Credit Suisse Group AG failed to entirely ease fears over the global banking sector.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferThe One Big Winner and Many Losers of  ( 48 min )

Consumer credit experts expect balances and interest rates to keep rising in 2023.  ( 50 min )

UBS agrees to acquire rival Credit Suisse for more than $3 billion, while shares of First Republic fall sharply after the regional bank’s credit rating was cut again by S&P Global.  ( 24 min )

A fork in the road for investors during all this banking turmoil.  ( 49 min )

Credit Suisse opened for business as usual in Hong Kong on Monday, after being taken over by its Swiss rival UBS in a US$3.25 billion weekend buyout brokered by the Swiss central bank to prevent a spillover of its crisis to the global banking system. Credit Suisse has a single branch location in Hong Kong, operating under two licenses to offer a wide range of financial services in equity, bonds, derivatives and wealth management, with HK$100 billion (US$12.74 billion) of assets under management.  ( 48 min )

The market turmoil that fueled a surge in bond prices has hit stock indexes far more modestly, reflecting an undercurrent of investor optimism that stress in the banking sector can be contained.  ( 25 min )

UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs (US$3.23 billion) in stock and agreed to assume up to 5 billion Swiss francs (US$5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The deal includes 100 billion Swiss francs (US$108 billion) in liquidity help for UBS and Credit Suisse from the Swiss central bank. To enable UBS to take over Credit Suisse, the federal government is providing  ( 51 min )

(Bloomberg) -- First Republic Bank was poised to extend last week’s record loss as the US lender’s shares plunged after S&P Global Inc. cut its credit rating again and the emergency sale of Credit Suisse Group AG to UBS Group AG failed to assuage fears over the banking system’s health.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suiss  ( 48 min )

New data show the rules governing the electric car tax credits have boosted some automakers and hurt others.  ( 24 min )

As the world transitions towards renewable energy and electric transportation, the demand for lithium, a key component in rechargeable batteries, is reaching unprecedented heights. In fact, the mar...  ( 50 min )

Credit Suisse shares dropped as much as 65% in early trade after the Swiss bank agreed to be taken over by its rival UBS at a steep discount.  ( 23 min )

Banking stocks on the FTSE 100 and oil prices have tumbled after the historic state-backed rescue of troubled lender Credit Suisse by Swiss rival UBS Group.  ( 53 min )

(Bloomberg) -- Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferFed and Global Central Banks Move to Boost Dollar FundingCredit Suisse Group AG’s top shareholder has seen the value of its investment plummet by about $1 billion in a matter of months, making it one of the biggest losers  ( 48 min )

(Bloomberg) -- Morgan Stanley’s Michael Wilson said the stress in the banking system marks what’s likely to be a painful and “vicious” start of an end to the bear market in US stocks.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferFed and Global Central Banks Move to Boost Dollar Fun  ( 49 min )

Asian stock markets fell Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a...  ( 25 min )

(Bloomberg) -- The case for the Federal Reserve to forgo an interest-rate hike strengthened in the eyes of some central bank watchers following a coordinated global move to ease growing financial strains.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferFed and Global Central Banks Mov  ( 50 min )

The deal would write down more than $17 billion of the bank’s riskiest bonds.  ( 26 min )

Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators to stave off further market-shaking turmoil in the global banking system. Swiss authorities urged UBS to take over its smaller rival after a plan for Credit Suisse to borrow up to 50 billion francs ($54 billion) failed to reassure investors and the bank’s customers. Shares of Credit Suisse and other banks plunged after the failure of two banks in the U.S. raised questions about other potentially shaky global financial institutions.  ( 54 min )

(Bloomberg) -- Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferFed and Global Central Banks Move to Boost Dollar FundingEven before Credit Suisse Group AG’s government-brokered takeover, the Swiss lender was in the process of cutting 9,000 jobs in an effort to save itself.That’s only  ( 50 min )

The Federal Deposit Insurance Corporation announced a new deal for the failed Signature Bank to be purchased. The bank collapsed just days after the Silicon Valley Bank.  ( 47 min )

(Bloomberg) -- Signature Bank’s deposits and some of its loans have been taken over by a unit of New York Community Bancorp, a move that could help calm some of the turmoil that has engulfed US regional banks.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferFed and Global Central Bank  ( 49 min )

Asian stock markets fell Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes. Hong Kong, Tokyo and Sydney declined. Swiss authorities on Sunday announced UBS would acquire its smaller rival as regulators try to ease fears about banks following the collapse of two U.S. lenders.  ( 51 min )

(Bloomberg) -- A key barometer of oil market health has slumped as strikes in France worsened sentiment amid turmoil in the banking sector.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferFed and Global Central Banks Move to Boost Dollar FundingBrent’s nearest timespread — a measure o  ( 48 min )

(Bloomberg) -- HSBC Holdings Plc led declines among financial stocks listed in Hong Kong as worries over risky bond exposures related to Credit Suisse Group AG spurred further risk-off sentiment.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferFed and Global Central Banks Move to Boos  ( 47 min )

Bitcoin briefly breached US$28,000 at the weekend in a bullish run extending into Monday morning in Asia amid worries about bank risk.  ( 48 min )

(Bloomberg) -- Just weeks ago, they were bit players in the giant US banking system. Now, a handful of regional lenders are at the heart of a crisis that’s shaken the country and engaged the likes of Warren Buffett and Jamie Dimon. Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferFed  ( 51 min )

(Bloomberg) -- Some Asian banks’ additional tier 1 bonds fell by a record Monday morning, after a Swiss regulator said $17 billion of such AT1s from Credit Suisse Group AG will be wiped out.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferFed and Global Central Banks Move to Boost Dol  ( 48 min )

Corrections & Amplifications for the edition of March 20, 2023.  ( 23 min )

(Bloomberg) -- Treasuries declined as the rescue of Credit Suisse Group AG and an offer of dollar liquidity damped demand for haven assets after a week-long rout in banking shares.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferFed and Global Central Banks Move to Boost Dollar Fundin  ( 48 min )

(Bloomberg) -- Among the biggest losers in the shotgun sale of Credit Suisse Group AG are investors in the firm’s riskiest bonds, known as AT1s, worth $17 billion. Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferFed and Global Central Banks Move to Boost Dollar FundingThese money man  ( 51 min )

Most non-digital banking related deposits and loans of Signature Bank were sold to New York Community Bancorp's Flagstar Bank, that will also take over Signature's 40 branches.  ( 12 min )

(Bloomberg) -- Investors and strategists say the turmoil in global financial markets still has room to run even after UBS Group AG’s agreement to take over of Credit Suisse Group AG, and the announcement of new dollar liquidity measures among central banks.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against U  ( 48 min )

(Bloomberg) -- Goldman Sachs Group Inc. traders were preparing to take bids on claims against Credit Suisse Group AG’s riskiest bonds after the takeover of the Swiss lender wiped out about 16 billion Swiss francs ($17.3 billion) of the debt.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion  ( 48 min )

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(Bloomberg) -- The world’s most advanced and delicately fine-tuned semiconductors wouldn’t be possible without the aid of giant steel storage tanks built by a little-known Tokyo company founded in 1927.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferFed and Global Central Banks Move  ( 50 min )

New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday. The 40 branches of Signature Bank will become Flagstar Bank, starting Monday. Flagstar is one of New York Community Bank's subsidiaries.  ( 47 min )

The move comes one week after the New York bank was shut down by regulators.  ( 23 min )

Flagstar Bank, a subsidiary of New York Community Bankcorp Inc., on Sunday agreed to assume most of Signature Bank's deposits and some of its loans.  ( 23 min )

Het Internationaal Monetair Fonds (IMF) heeft maandag een lening van 3 miljard dollar (ongeveer 2,7 miljard euro) voor Sri Lanka goedgekeurd. Met het geld hoopt het Aziatische land uit de ergste economische crisis sinds de onafhankelijkheid te komen.  ( 6 min )

Het Nederlandse kledingmerk Scotch & Soda heeft een faillissement aangevraagd voor de activiteiten in ons land. De curator gaat op zoek naar een nieuwe eigenaar. Voorlopig blijven de 32 Nederlandse winkels nog gewoon open.  ( 3 min )

De stakingen in het streekvervoer zijn voor een aantal dagen opgeschort. Twee verkenners proberen de cao-onderhandelingen weer op gang te krijgen. Woensdag moet er meer duidelijkheid komen.  ( 4 min )

Amazon schrapt de komende tijd nog eens 9.000 banen. Het is de tweede grote ontslagronde bij het webwinkel- en techconcern. Begin dit jaar verdwenen er al 18.000 banen. De banen verdwijnen onder meer bij streamingdienst Twitch.  ( 3 min )

De Noord-Ierse unionistische partij DUP gaat woensdag tegen de nieuwe Brexit-deal stemmen. Het is voor het eerst dat de Noord-Ieren zich hierover uitspreken. Vanwege de handelsregels die na de Brexit zijn opgesteld, ligt de partij al tijden dwars bij de formatie van een nieuwe Noord-Ierse regering.  ( 4 min )

Nederlandse wijnboeren hebben in 2022 een recordhoeveelheid druiven geoogst. Dat schrijft de Vereniging Nederlandse Wijnproducenten (VNWP) maandag. De recordoogst hangt samen met het warme weer van afgelopen zomer.  ( 3 min )

Demonstraties en stakingen horen bij Frankrijk als stokbrood en camembert. Dit keer verzetten de Fransen zich tegen een verhoging van de pensioenleeftijd. Ondanks grote tegenstand drukte de regering Macron het pensioenplan toch door. De regering krijgt daarom vandaag te maken met twee moties van wantrouwen.  ( 8 min )

De koers van de bitcoin is maandagochtend tot boven de 28.500 dollar (zo'n 26.700 euro) gestegen. Het is de hoogste koers sinds juni vorig jaar. De digitale munt profiteert volgens analisten van de onrust in de bankenwereld, waardoor beleggers op zoek gaan naar andere investeringen.  ( 3 min )

De prijs van gas is op de Europese handelsmarkt is tot onder de 40 euro per megawattuur gezakt. Dat is de laagste prijs sinds augustus 2021.  ( 3 min )

Leveranciers van groente en fruit, bakkerijen en ook een nootjesfabrikant betaalden gezamenlijk 3,8 miljoen euro sponsorgeld aan het raceteam van mede-eigenaar en voormalig Jumbo-topman Frits van Eerd. Dat schrijft het FD op basis van het jaarverslag van het bedrijf.  ( 3 min )

Voormalig ING-topman Ralph Hamers, die sinds 2020 aan het roer staat bij het Zwitserse UBS, kan flink aan de bak. Zijn bank neemt het door problemen geteisterde Credit Suisse over. Reorganiseren is onvermijdelijk.  ( 3 min )

De Europese Centrale Bank (ECB), de Federal Reserve en vier andere centrale banken bieden banken de komende tijd extra mogelijkheden om geld te lenen. Zo hebben de bedrijven voldoende geld als hun klanten meer willen opnemen in economisch onzekere tijden.  ( 3 min )

Het aantal zzp'ers in ons land is sinds het begin van de coronacrisis flink toegenomen. Een betere balans tussen werk en privé, minder werkdruk en hogere tarieven hebben ervoor gezorgd dat er momenteel ruim 1,24 miljoen zelfstandigen zijn, tegenover 1 miljoen vlak voor corona. En daar is de overheid niet zo blij mee.  ( 5 min )

De Zwitserse bank UBS heeft Credit Suisse overgenomen. De bank van de Nederlandse topman Ralph Hamers legt zo'n 3 miljard euro neer voor de noodlijdende branchegenoot. De Zwitserse centrale bank (SNB) bevestigde de deal zondagavond.  ( 4 min )

Het aantal zzp'ers in ons land is sinds het begin van de coronacrisis flink toegenomen. Een betere balans tussen werk en privé, minder werkdruk en hogere tarieven hebben ervoor gezorgd dat er momenteel ruim 1,24 miljoen zelfstandigen zijn, tegenover 1 miljoen vlak voor corona. En daar is de overheid niet zo blij mee.  ( 5 min )

Al sinds jaar en dag waarschuwen ouders hun kinderen om bij het buitenspelen niet met vreemde mensen mee te gaan. Veel ouders zijn zich er niet van bewust dat online hetzelfde risico bestaat. En scholen besteden daar lang niet altijd aandacht aan.  ( 6 min )

Most non-digital banking related deposits and loans of Signature Bank were sold to New York Community Bancorp's Flagstar Bank, that will also take over Signature's 40 branches.  ( 1 min )

UBS will absorb Credit Suisse in a $2 billion all stock deal brokered by the government that was pulled together to prevent the latter embattled bank from failing.  ( 1 min )

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(Bloomberg) -- Bob Michele, the chief investment officer of fixed income at JP Morgan Asset Management, said he’s hopeful that UBS Group AG’s deal to buy its troubled Swiss rival Credit Suisse will be enough to stave off a wider selloff in European banks this week.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back A  ( 48 min )

(Bloomberg) -- UBS Group AG is emerging as a rare winner in Credit Suisse Group AG’s crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers. Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferSwitzerland Weighs Full or Partial Credit Suisse N  ( 49 min )

Treasury Secretary Janet Yellen and Fed Chair Jerome Powell are seeking to reassure investors to halt a slide in financial stocks.  ( 27 min )

The crisis rolls right along, explains this strategist.  ( 48 min )

(Bloomberg) -- A frenetic weekend in finance was met with comparatively meager moves in markets, with U.S. equity futures rising and the dollar weakening slightly against major currencies after UBS Group AG agreed to buy Credit Suisse Group and central banks moved to boost dollar liquidity.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferCredi  ( 49 min )

“We’ve watched the bank lurch from scandal to scandal for so long that it’s hard to recall all of them at this point.”  ( 53 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

(Bloomberg) -- The Federal Reserve and five other central banks announced coordinated action on Sunday to boost liquidity in US dollar swap arrangements, the latest effort by policymakers to ease growing strains in the global financial system.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferCredit Suisse’s $17 Billion of Risky Bonds Are Now Wo  ( 47 min )

(Bloomberg) -- Colony Capital founder Tom Barrack is taking a leading role in advising First Republic Bank on its options as the lender races to avoid a collapse after a $30 billion rescue last week failed to assuage investors, according to people familiar with the matter.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Pus  ( 48 min )

(Bloomberg) -- Credit Suisse Group AG, once one of the stalwarts of the global financial system, is no more. Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferSwitzerland Weighs Full or Partial Credit Suisse NationalizationAfter tense talks over the weekend, UBS Group AG agreed to buy  ( 53 min )

(Bloomberg) -- Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessSwitzerland Weighs Full or Partial Credit Suisse NationalizationHolders of Credit Suisse Group AG bonds suffered a historic loss when a takeover by UBS Group AG wiped out about 16 billion Swiss francs ($17.3 billion) wort  ( 49 min )

A shotgun marriage between two Swiss rivals.  ( 48 min )

A shotgun marriage between two Swiss rivals.  ( 48 min )

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(Bloomberg) -- UBS Group AG agreed to buy Credit Suisse Group AG in a government-brokered deal aimed at containing a crisis of confidence that threatened to spread across global financial markets.Most Read from BloombergUBS to Buy Credit Suisse in $3.25 Billion Deal to End CrisisWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferMidsize US Banks Ask FDIC to Insure Deposits for Two YearsSwitzerland Weighs Full or Partial Credit  ( 46 min )

The Federal Reserve makes a policy decision on Wednesday, as Treasury Secretary Janet Yellen testifies. Plus, the latest earnings reports and PMI data.  ( 23 min )

(Bloomberg) -- First Republic Bank will be downgraded again by S&P Global Inc., days after the ratings firm cut the lender to junk, according to people familiar with the matter.Most Read from BloombergUBS to Buy Credit Suisse in $3.25 Billion Deal to End CrisisWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferMidsize US Banks Ask FDIC to Insure Deposits for Two YearsSwitzerland Weighs Full or Partial Credit Suisse Nationaliza  ( 48 min )

(Bloomberg) -- With the fate of Credit Suisse Group AG finally decided, investors were getting ready for another gut-wrenching week of trading.Most Read from BloombergWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferUBS to Buy Credit Suisse in Historic Deal to End CrisisMidsize US Banks Ask FDIC to Insure Deposits for Two YearsCredit Suisse’s First Boston Plan in Doubt Amid Crisis TalksWith just hours to go before Asian mark  ( 48 min )

The Saudi National Bank is nursing big losses after Credit Suisse agreed to be taken over by UBS  ( 24 min )

Banking giant UBS is buying its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night. Credit Suisse is designated by the Financial Stability Board, an international body that monitors the global financial system, as one of the world’s globally systemic important banks.  ( 47 min )

UBS will absorb Credit Suisse in a $2 billion all stock deal brokered by the government that was pulled together to prevent the latter embattled bank from failing.  ( 12 min )

(Bloomberg) -- UBS Group AG agreed to buy Credit Suisse Group AG in a historic, government-brokered deal aimed at containing a crisis of confidence that threatened to spread across global financial markets. Most Read from BloombergWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferMidsize US Banks Ask FDIC to Insure Deposits for Two YearsCredit Suisse’s First Boston Plan in Doubt Amid Crisis TalksCredit Suisse Talks Extend Int  ( 48 min )

Will policymakers raise interest rates as planned?  ( 49 min )

Struggling Swiss banking giant Credit Suisse has reportedly agreed to be bought by its arch-rival UBS at a discount to Friday's close price, after seeing a...  ( 25 min )

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The Fed's aggressive interest rate hikes have eroded the value of bank assets such as government bonds and mortgage-backed securities.  ( 47 min )

(Bloomberg) -- Former Goldman Sachs chief executive Lloyd Blankfein said the Federal Reserve can take a pause hiking interest rates this week as the unfolding bank crisis will effectively tighten lending standards in the economy.Most Read from BloombergWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferCredit Suisse Talks Extend Into Sunday as Markets Await DealCredit Suisse’s First Boston Plan in Doubt Amid Crisis TalksUBS Of  ( 48 min )

(Bloomberg) -- Most Read from BloombergWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferCredit Suisse Talks Extend Into Sunday as Markets Await DealCredit Suisse’s First Boston Plan in Doubt Amid Crisis TalksUBS Offers to Buy Credit Suisse for up to $1 Billion: FTCredit Suisse Group AG’s riskiest bonds pared their advance on Sunday on concern that Swiss authorities may need to nationalize the bank if a deal with UBS Group AG  ( 48 min )

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(Bloomberg) -- Most Read from BloombergWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferCredit Suisse Talks Extend Into Sunday as Markets Await DealCredit Suisse’s First Boston Plan in Doubt Amid Crisis TalksUBS Offers to Buy Credit Suisse for up to $1 Billion: FTSwiss authorities are weighing unprecedented steps to force through a UBS Group AG takeover of Credit Suisse Group AG, with the risk of some form of nationalization  ( 49 min )

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The Federal Reserve's latest policy decision will come Wednesday afternoon as investors have endured what have been two of the most turbulent weeks for the financial sector since the 2008 crisis.  ( 49 min )

These recently downgraded names are displaying both quantitative and technical deterioration.  ( 11 min )

(Bloomberg) -- Mohamed El-Erian called on the Federal Reserve to raise its main interest rate by 25 basis points at this week’s meeting and couple the move with an assurance of its commitment to financial stability.Most Read from BloombergWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1 Billion OfferCredit Suisse Talks Extend Into Sunday as Markets Await DealCredit Suisse’s First Boston Plan in Doubt Amid Crisis TalksUBS Offers to Buy Cr  ( 47 min )

Tough times aren’t over, but opportunities abound.  ( 48 min )

A Sunday report in the Financial Times said the offer price would be 0.25 Swiss francs a share, well below Credit Suisse's Friday closing price of 1.86 Swiss...  ( 26 min )

The deal—a substantial discount to Credit Suisse’s $8 billion market value as of Friday—was engineered by Swiss regulators and is designed to restore trust in the banking system.  ( 26 min )

UBS has offered to buy Credit Suisse for up to $1bn as Swiss officials race to save the troubled lender.  ( 48 min )

Can't get rid of U.S. that easily.  ( 48 min )

Charmagne Chi joined the FIRE movement two years ago to pursue her passions. Her advice: Question every financial decision.  ( 49 min )

Refunds can come in five days—or a few months.  ( 24 min )

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The danger posed by paper losses on bonds is newly relevant with the failure of Silicon Valley Bank. The debate about their treatment goes back decades.  ( 50 min )

(Bloomberg) -- Most Read from BloombergWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Talks Extend Into Sunday as Markets Await DealCredit Suisse’s First Boston Plan in Doubt Amid Crisis TalksMidsize US Banks Ask FDIC to Insure Deposits for Two YearsTrump Calls for Protests Over Expected Arrest on NY ChargesUBS Group AG is offering to buy Credit Suisse Group AG for as much as $1 billion, a deal that the troubled Swiss firm is pushing back on with backing from its bigges  ( 47 min )

Chuck Royce, of Royce Investment Partners, has more than 50 years of experience investing in small, lesser-known companies.  ( 28 min )

A rate cut won't end the war on inflation. It just pauses the battle -- if the Fed has the guts to do it, writes Chuck Jaffe.  ( 27 min )

(Bloomberg) -- A banking crisis in a matter of days has emerged as a powerful new constraint on a red-hot economy that the Federal Reserve has struggled for more than a year to cool.Most Read from BloombergWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Talks Extend Into Sunday as Markets Await DealCredit Suisse’s First Boston Plan in Doubt Amid Crisis TalksUBS Offers to Buy Credit Suisse for up to $1 Billion: FTMidsize US Banks Ask FDIC to Insure Deposits for Two YearsR  ( 50 min )

(Bloomberg) -- Senator Elizabeth Warren said she favors lifting the Federal Deposit Insurance Corp.’s standard $250,000 cap, possibly into the millions of dollars, after Silicon Valley Bank’s failure exposed risk at US regional banks. Most Read from BloombergWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Talks Extend Into Sunday as Markets Await DealCredit Suisse’s First Boston Plan in Doubt Amid Crisis TalksUBS Offers to Buy Credit Suisse for up to $1 Billion: FTMidsiz  ( 47 min )

The financial technology company is suing the government and lobbying lawmakers to force its customers to resume making student-debt payments.  ( 33 min )

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Is crypto really the new gold?  ( 48 min )

Housing profits are a major source of wealth for many in retirement.  ( 25 min )

The New York bank juiced its growth by combining a traditional commercial real-estate business with divisions catering to customers too small or complicated for its crosstown Wall Street rivals.  ( 25 min )

The Federal Reserve deliberates on monetary policy as it confronts high inflation and financial instability.  ( 24 min )

Main Street businesses and American families are likely to find it harder to get a loan because of turmoil in the banking industry, denting economic growth.  ( 26 min )

First Citizens BancShares is reportedly weighing a possible bid for the failed Silicon Valley Bank.  ( 46 min )

Swiss banking was long regarded as the Rolls Royce of finance – a byword for discretion, exceptional service and above all, safety.  ( 49 min )

If my regular collaborator on technical charts, Sunil Kumar Dixit, is right — and I’ve no reason to doubt him — U.S. crude’s U.S. West Texas Intermediate, which settled on Friday at $66.74 per barrel, after a 15-month low at $65.27 — could go below $60 in the near-term. “If we buck the $62 level and selling intensifies, expect a drop to the major support at the 100-Month SMA of $58.90,” Dixit said, referring to the Simple Moving Average marker for WTI. There’s something else happening this week that has major ramifications not just for oil but all markets and cannot be ignored: the Federal Reserve rate decision on Wednesday.  ( 52 min )

In the hours after some of Silicon Valley Bank’s biggest customers started pulling out their money, a WhatsApp group of startup founders who are immigrants of color ballooned to more than 1,000 members. One clear theme emerged: a deep concern about the broader impact on startups led by people of color. While Wall Street struggles to contain the banking crisis after the swift demise of SVB — the nation's 16th largest bank and the biggest to fail since the 2008 financial meltdown — industry experts predict it could become even harder for people of color to secure funding or a financial home supporting their startups.  ( 51 min )

A Social Science Research Network study says that 186 American banks could be vulnerable to the same failure as Silicon Valley Bank (SVB) if half of their depositors withdraw money.  ( 46 min )

The Wall Street Journal reported Saturday that UBS is nearing a deal to acquire Credit Suisse in a deal to save the bank amid a global banking crisis.  ( 48 min )

Nederlandse banken, verzekeraars en pensioenfondsen doen te weinig om de opwarming van de aarde tegen te gaan. Daarom geeft Eerlijke Geldwijzer al deze financiële instellingen een onvoldoende voor hun klimaatplannen. Ze moeten volgens het keurmerk duidelijkere doelen stellen en die ook al snel nastreven.  ( 6 min )

De Zwitserse bank UBS heeft Credit Suisse overgenomen. De bank van de Nederlandse topman Ralph Hamers legt zo'n 3 miljard euro neer voor de noodlijdende branchegenoot. De Zwitserse centrale bank (SNB) bevestigde de deal zondagavond.  ( 4 min )

De Europese Centrale Bank (ECB), de Federal Reserve en vier andere centrale banken bieden de komende tijd extra mogelijkheden om te lenen voor banken. Zo hebben die banken voldoende geld als klanten meer geld willen opnemen in economisch onzekere tijden.  ( 3 min )

De Zwitserse bank UBS heeft de bank Credit Suisse overgenomen. Dat akkoord werd bereikt nadat volgens de Financial Times het bod was verhoogd tot ruim 2 miljard dollar (1,86 miljard euro). De Zwitserse centrale bank (SNB) bevestigde de deal zondagavond.  ( 3 min )

UBS is overeengekomen Credit Suisse te kopen nadat het zijn bod heeft verhoogd tot meer dan 2 miljard dollar (1,86 miljard euro), meldt de Financial Times. De overeenkomst wordt zondagavond getekend.  ( 3 min )

De Zwitserse regering overweegt een volledige of gedeeltelijke nationalisatie van de noodlijdende bank Credit Suisse. Nationalisatie is volgens de Zwitsers het enige alternatief naast een overname door UBS, de grootste bank van Zwitserland.  ( 3 min )

De Zwitserse bank UBS, de grootste van het land, heeft 1 miljard dollar (930 miljoen euro) over voor de overname van de noodlijdende bank Credit Suisse. Dat meldt zakenkrant Financial Times. Credit Suisse zou dit bod te laag vinden en wijst het af, schrijft persbureau Bloomberg op basis van ingewijden.  ( 4 min )

De Zwitserse bank UBS, de grootste van het land, heeft 1 miljard dollar (930 miljoen euro) over voor de overname van de noodlijdende bank Credit Suisse. Dat meldt zakenkrant Financial Times. Credit Suisse zou dit bod te laag vinden, schrijft persbureau Bloomberg op basis van ingewijden.  ( 3 min )

De Zwitserse bank UBS, de grootste van het land, heeft 1 miljard dollar (930 miljoen euro) over voor de overname van het noodlijdende Credit Suisse. Dat meldt zakenkrant Financial Times. De deal zou uiterlijk zondagavond rond moeten zijn.  ( 3 min )

Het aantal openstaande vacatures is in Nederland momenteel enorm en dat blijft voorlopig zo. "Jonge mensen zijn op zoek naar werk dat in hun schema past."  ( 6 min )

Het aantal openstaande vacatures is in Nederland momenteel enorm en dat blijft voorlopig zo. "Jonge mensen zijn op zoek naar werk dat in hun schema past."  ( 5 min )

De Zwitserse regering wil met noodmaatregelen een versnelde overname van het geplaagde Credit Suisse door concurrent UBS mogelijk maken. Dat meldt zakenkrant Financial Times op basis van ingewijden.  ( 3 min )

De stijging van de lonen jaagt de inflatie in Nederland aan. Veel bedrijven berekenen de hogere loonkosten namelijk door aan de consument. Dit betekent dat bepaalde producten en diensten duurder worden. "De hogere lonen hebben steeds meer impact op de prijsstijgingen. Dat staat als een paal boven water", zegt econoom Hugo Erken van RaboResearch.  ( 4 min )

De stijging van de lonen jaagt de inflatie in Nederland aan. Veel bedrijven berekenen de hogere loonkosten namelijk door aan de consument. Dit betekent dat bepaalde producten en diensten duurder worden. "De hogere lonen hebben steeds meer impact op de prijsstijgingen. Dat staat als een paal boven water", zegt econoom Hugo Erken van RaboResearch.  ( 4 min )

De stijging van de lonen jaagt de inflatie in Nederland aan. Veel bedrijven berekenen de hogere loonkosten namelijk door aan de consument. Dit betekent dat bepaalde producten en diensten duurder worden. "De hogere lonen hebben steeds meer impact op de prijsstijgingen. Dat staat als een paal boven water", zegt econoom Hugo Erken van RaboResearch.  ( 4 min )

There are 574 federally recognized tribes in the United States. Here is the breakdown of some of the biggest groups.  ( 32 min )

Incidental expenses (IE), also known as incidentals, are tips and other small costs ancillary to a business expense. Learn when incidentals are reimbursable or deductible.  ( 17 min )

Blue list is a daily listing of bonds, mostly of the tax-exempt municipal variety, that are currently for sale by banks and dealers.  ( 12 min )

UBS (formerly Union Bank of Switzerland) is a multinational diversified financial services company headquartered in Zurich and Basel.  ( 14 min )

Buying a home may be the biggest debt you'll ever incur. Learn the benefits to having a mortgage repayment plan and find out the pros, the cons, and why you should retire it sooner, rather than later.  ( 15 min )

A traditional IRA gives a current-year tax benefit and future years of tax savings—minus the income restrictions that limit who can have a Roth IRA.  ( 15 min )

Static gap is the difference between the levels of assets and liabilities on which interest rates are reset during any particular bucket of time.  ( 13 min )

A 401(k) usually meets the definition of a qualified retirement plan. Learn more about these retirement plans and why they qualify.  ( 17 min )

Gray box is the testing of software with limited knowledge of its internal workings.  ( 13 min )

A fairway bond is a bond that has a floating interest rate or interest rate option that pays interest when the rate remains in the specified range.  ( 14 min )

UBS will absorb Credit Suisse in a $2 billion all stock deal brokered by the government that was pulled together to prevent the latter embattled bank from failing.  ( 10 min )

The Commodity Exchange Act regulates commodities and futures trading in the U.S. It has been in force since 1936.  ( 15 min )

There is no way to affect market volatility, but there is a protection mechanism in place in case a broker firm runs into financial trouble.  ( 18 min )

At-or-better orders instruct the brokerage to fulfill a transaction only at a specific price or above.  ( 12 min )

“Too big to fail” describes a situation in which a business is so deeply ingrained in an economy that its failure would be disastrous to that economy.  ( 19 min )

A multi-index option is an outperformance option where the payoff is based on the relative performance of two indexes or other assets.  ( 12 min )

Letters patent is a an official written order issued by a governing (sovereign) power that gives a patentee an exclusive right or privilege.  ( 14 min )

Public outcry over rescuing banks with taxpayer money in 2008 forced a switch in governmental tactics, making bail-ins the new bank bailouts.  ( 18 min )

Hollywood actor Matthew McConaughey is also a successful tech investor who backs an array of startups, including Workrise and MoonPay.  ( 14 min )

A drop lock is an arrangement whereby the interest rate on a floating rate note or preferred stock becomes fixed if it falls to a specified level.  ( 12 min )

Peak stuff refers to products that have reached the ceiling for market interest and penetration and cannot go any higher.  ( 12 min )

Here's a look at how economic conditions following World War I intensified antagonisms between nations and led to the outbreak of World War II.  ( 18 min )

A tax base is the total amount of assets, income, and economic activity that can be taxed by a government or other tax authority.  ( 17 min )

Lagged Reserves are the amount of cash that a bank is required to have on hand. "Lagged" refers to the method of calculation, which is based on total deposits two weeks prior.  ( 16 min )

Discover the relationship between government and economics. Learn how economic conditions impact government policy and how governments attempt to influence them.  ( 17 min )

A regressive tax is one that is applied uniformly regardless of income, as opposed to a progressive tax, which is based on income.  ( 20 min )

The Consumer Financial Protection Act of 2010 created the Consumer Financial Protection Bureau (CFPB).  ( 14 min )

The FY 2023 National Defense Authorization Act authorizes funding but does not appropriate funds for the U.S. military on an annual basis. The legislation is popular with both Democrats and Republicans and has never failed to pass.  ( 19 min )

These companies went bankrupt. Now they're even more profitable and successful. Here's how these 8 bankrupt companies came back.  ( 18 min )

Learning how to read your consumer credit report is vital, as it includes important information about your credit history.  ( 16 min )

Financial contagion is the spread of an economic crisis from one market or region to another and occurs at the domestic or international level.  ( 14 min )

Contango is a situation in which the futures price of a commodity is above the spot price.  ( 21 min )

A stop order is an order type that can be used to limit losses as well as enter the market on a potential breakout.  ( 21 min )

Window dressing occurs when a fund manager tweaks a fund or a business adjusts its accounting methods for appearance's sake.  ( 19 min )

Bill-and-hold basis recognizes revenue at the point of sale, with goods delivered at a later date.  ( 13 min )

A safe haven is an investment that is expected to retain its value, or even increase in value, during times of market turbulence.  ( 16 min )

While banks took more than $11.9 billion in loans through the new Bank Term Funding Program relief program, and even more through modified borrowing at the discount window.  ( 11 min )

The Temporary Liquidity Guarantee Program (TLGP) was created in 2008 to stabilize the U.S. banking system during the global financial crisis.  ( 15 min )

Capitalized interest is the cost of borrowing to acquire or construct a long-term asset, which is added to the cost basis of the asset on the balance sheet.  ( 18 min )

A brief history of banking from ancient Greece, Rome, and Egypt to the modern-day United States and the emergence of digital banking.  ( 21 min )

Product lifecycle management refers to the handling of a good as it moves through five typical stages of its lifespan, from development to decline.  ( 20 min )

In March 2023, Silicon Valley Bank was shut down by the California Department of Financial Protection and Innovation. Learn why this bank collapsed and what it means for you.  ( 18 min )

Learn how Venmo—one of the most popular apps in the peer-to-peer payments space—works, how much it charges, whether it's safe, and more.  ( 22 min )

(Bloomberg) -- Berkshire Hathaway Inc.’s Warren Buffett has been in touch with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds.Most Read from BloombergCredit Suisse Crisis Nears Finale as UBS Discussions Heat UpTrump Calls for Protests Over Expected Arrest on NY ChargesCredit Suisse Investment Bank Said a Key Sticking Point in TalksCFA Revised Exam Cuts Study Time, Stresses Practical SkillsDeutsche Bank Eyes Some Credit Suisse Assets  ( 47 min )

(Bloomberg) -- Bond investors battered by the wildest swings in decades are hunkering down for their next big test: navigating the Federal Reserve’s response to the mounting financial instability that threatens to derail its fight against inflation.Most Read from BloombergWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Crisis Nears Finale as UBS Discussions Heat UpTrump Calls for Protests Over Expected Arrest on NY ChargesMidsize US Banks Ask FDIC to Insure Deposits for  ( 49 min )

(Bloomberg) -- 6 a.m. wake-up calls. Cancelled tennis dates. Anxious check-ins on bond prices while walking the dog.Most Read from BloombergCredit Suisse Crisis Nears Finale as UBS Discussions Heat UpTrump Calls for Protests Over Expected Arrest on NY ChargesCFA Revised Exam Cuts Study Time, Stresses Practical SkillsCredit Suisse Investment Bank Said a Key Sticking Point in TalksDeutsche Bank Eyes Some Credit Suisse AssetsThese are just some of the scenes of traders and money managers over the w  ( 48 min )

Have an issue with your financial adviser or looking for a new one? Email picks@marketwatch.com.  ( 24 min )

(Bloomberg) -- If you asked Torsten Slok a week ago how the economy was going to fare this year, he would have told you he was expecting a no-landing scenario, whereby the Federal Reserve would tame inflation without triggering a downturn.Most Read from BloombergWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Talks Extend Into Sunday as Markets Await DealMidsize US Banks Ask FDIC to Insure Deposits for Two YearsTrump Calls for Protests Over Expected Arrest on NY ChargesC  ( 51 min )

(Bloomberg) -- Federal Reserve officials face their biggest challenge in months as they weigh whether to keep raising interest rates this week to cool inflation, or take a pause amid the market turmoil fueled by recent bank failures.Most Read from BloombergCredit Suisse Crisis Nears Finale as UBS Discussions Heat UpTrump Calls for Protests Over Expected Arrest on NY ChargesCFA Revised Exam Cuts Study Time, Stresses Practical SkillsCredit Suisse Investment Bank Said a Key Sticking Point in TalksD  ( 50 min )

The Swiss National Bank and regulator Finma now see UBS’s purchase as the only option to tame mounting woes at Credit Suisse, according to the Financial Times.  ( 23 min )

As one of Hollywood’s most famous femme fatales, Sharon Stone has regularly played the part of the glamorous and seductive woman who lures unsuspecting men to rack and ruin.  ( 47 min )

The Walt Disney Co. is reportedly planning to lay off at least 4,000 current employees in April after CEO Bob Iger announced a plan to cut 7,000 jobs as a cost-saving measure.  ( 48 min )

Here’s what you need to know about the turmoil at Switzerland’s second-largest bank by assets and what might happen next.  ( 27 min )

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Thousands of jobs are at risk in the City as regulators race to rescue one of the world's biggest banks before markets open on Monday morning.  ( 47 min )

(Bloomberg) -- Most Read from BloombergCredit Suisse Crisis Nears Finale as UBS Discussions Heat UpTrump Says He Expects to Be Arrested on TuesdayCFA Revised Exam Cuts Study Time, Stresses Practical SkillsDeutsche Bank Eyes Some Credit Suisse AssetsUBS to Explore Credit Suisse Deal in Crisis CombinationUBS Group AG and Swiss officials are racing to put together a deal for the firm to take over battered rival Credit Suisse Group AG this weekend as they seek to navigate thorny issues such as a gov  ( 48 min )

(Bloomberg) -- Most Read from BloombergWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Crisis Nears Finale as UBS Discussions Heat UpTrump Calls for Protests Over Expected Arrest on NY ChargesMidsize US Banks Ask FDIC to Insure Deposits for Two YearsCredit Suisse Investment Bank Said a Key Sticking Point in TalksA politician, an economist, and a mathematician are among the select group of power players who will determine the future of what was once Switzerland’s pre-emin  ( 49 min )

Crises make strange bedfellows. Just look at the new class of defensive stocks: utilities, consumer staples, healthcare—and Big Tech.  ( 23 min )

Churning financial markets, as the failure of three U.S. banks and uncertainty over one big European one continues to play out, did not stop some investors...  ( 27 min )

It's hard to feel financially stable when the cost of living continues to take a bigger bite out of your budget. While salaries increased 5.1% between December 2021 and December 2022, wage growth couldn't keep up with inflation, which averaged … Continue reading → The post Salary Needed to Live Comfortably in the 25 Largest Metro Areas – 2023 Edition appeared first on SmartAsset Blog.  ( 50 min )

Last week, Silicon Valley Bank shuttered, prompting alarm nationwide. Reality TV star and business mogul Kevin O’Leary blames the bank’s management for the crisis.  ( 47 min )

(Bloomberg) -- For all the bank collapses, the plunging bond yields, the hammering in oil and mining stocks and day-in, day-out volatility, Adam Sarhan puts this week in the win column.Most Read from BloombergUBS Seeks Swiss Backstop in Any Credit Suisse DealCFA Revised Exam Cuts Study Time, Stresses Practical SkillsUBS to Explore Credit Suisse Deal in Crisis CombinationTrump Says He Expects to Be Arrested on TuesdayDeutsche Bank Eyes Some Credit Suisse AssetsWhy?“The stock market had every chan  ( 48 min )

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UBS is in talks to take over parts or all of Credit Suisse, part of an urgent effort by Swiss and global authorities to restore trust in the banking system.  ( 28 min )

Credit Suisse, UBS and their key regulators are working out a deal on the merger of Switzerland’s two biggest banks, according to reports on Saturday.  ( 25 min )

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Have a question about your own retirement savings? Email us at HelpMeRetire@marketwatch.com  ( 26 min )

Homes are finally becoming more affordable for the average American again.  ( 49 min )

Despite this past week’s rally, Bitcoin is still down nearly 40% over the past year and has fallen more than 63% from its record high.  ( 23 min )

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The two leading coins more than made up for losses racked up during last week’s crypto banking crash.  ( 46 min )

Reaching $1.5 million in retirement savings is doable. While this is a lot of money, it's well within reach for most incomes. As long as you start saving early – ideally in your 20's – and take advantage of market returns, … Continue reading → The post Is $1.5 million Enough to Retire at 65? appeared first on SmartAsset Blog.  ( 51 min )

$1 million doesn't go nearly as far in retirement as it once did. In fact, a recent survey found that investors believe they'll need at least $3 million to retire comfortably. But retiring with $1 million is still possible, even … Continue reading → The post Can I Retire With $1 Million at 55? appeared first on SmartAsset Blog.  ( 49 min )

Required minimum distributions (RMDs) are the minimum amount that you must withdraw from certain tax-advantaged retirement accounts. They begin at age 72 or 73, depending on your circumstances and continue indefinitely. There is, unfortunately, no age when RMDs stop. You … Continue reading → The post At What Age Do RMDs Stop? appeared first on SmartAsset Blog.  ( 49 min )

Turns out wealth isn't always health.  ( 49 min )

Netflix's controversial password sharing crackdown, which has angered users and concerned investors as prices continue to balloon, might not be such a bad thing after all — at least according to one media analyst.  ( 48 min )

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Buffett has reason to share wisdom with Steve Squeri: Berkshire Hathaway is the largest shareholder in American Express.  ( 23 min )

But the bank has also profited from its rescues over the years, and its actions have drawn criticism as well as praise.  ( 23 min )

The $30 billion bet on First Republic — to prevent it from becoming the third bank to fail in less than a week — was pitched as a bulwark against future bank...  ( 26 min )

During the pandemic, he was one of the millions of Americans with no work or health insurance.  ( 49 min )

This has been a wild week in business.  ( 48 min )

The American auto makers join their rivals in giving discounts in China as economic uncertainty hurts demand for vehicles.  ( 25 min )

Tightening credit access and rising interest rates for businesses and consumers will likely lead to more bankruptcies, experts say.  ( 26 min )

(Bloomberg) -- Investors across the safest bond markets have been rocked by some of the most dramatic swings on record, and there’s likely more turbulence in store given the risks out there.Most Read from BloombergWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Talks Extend Into Sunday as Markets Await DealMidsize US Banks Ask FDIC to Insure Deposits for Two YearsTrump Calls for Protests Over Expected Arrest on NY ChargesCredit Suisse Investment Bank Said a Key Sticking  ( 48 min )

Job postings on hiring website Indeed have been declining since early in 2022, but the slide has steepened over the past few months.  ( 23 min )

Dollar General said it plans to boost its quarterly disbursement to shareholders by 7%.  ( 23 min )

Six months ago, 75% of analysts covering shares of SVB Financial rated them Buy.  ( 23 min )

Moody's Investors Service downgraded its rating on First Republic Bank's credit to junk late Friday, citing a "deterioration in the bank's financial profile."  ( 24 min )

The last two weeks have seen the markets take a rollercoaster ride, that’s for sure. The sudden insolvency and failure of Silicon Valley Bank, and the Federal closures of Signature and Silvergate banks, have triggered worries of an old-fashioned bank run. An announcement by Credit Suisse, that it was having difficulty accessing capital, fed fears that even the major banking names would not be immune to contagion. President Biden and Treasury Secretary Yellen have made it clear that account holde  ( 48 min )

Beware the loop between share prices and depositor confidence. But sector watchers see a few stocks worth buying.  ( 23 min )

The estimated repurchase activity is in line with the $2.6 billion in the fourth quarter.  ( 23 min )

The nation's banking giants will be beneficiaries of the industry's turmoil. They have cheap stocks, and hefty dividend yields.  ( 37 min )

(Bloomberg) -- UBS Group AG is exploring an acquisition of all or parts of Credit Suisse Group AG at the urging of Swiss regulators after its smaller rival was pummeled by a crisis of confidence, according to people with knowledge of the matter. Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosAnother Chaotic Week for Banks Marks the End of an Era for the Global EconomyIn New York City, a $100,000 Salary Feels Like $36,000CFA Revised Exam Cuts Study Time, Str  ( 48 min )

De graandeal tussen Oekraïne en Rusland, die vandaag zou aflopen, is op de valreep verlengd. Het gaat om een verlenging van 120 dagen, zegt de Oekraïense minister Oleksandr Kubrakov (Infrastructuur) zaterdag. Het Kremlin spreekt over een andere termijn.  ( 4 min )

De graandeal tussen Oekraïne en Rusland, die vandaag zou aflopen, is op de valreep verlengd. Het gaat om een verlenging van 120 dagen, zegt de Oekraïense minister Oleksandr Kubrakov (Infrastructuur) zaterdag. De verlenging liet lang op zich wachten, omdat de landen het maar niet eens werden over de looptijd.  ( 3 min )

De graandeal tussen Oekraïne en Rusland, die vandaag zou aflopen, is verlengd. Dat zegt de Turkse president Recep Tayyip Erdogan. De verlenging liet eerder op zich wachten, omdat de landen het niet eens werden over de looptijd.  ( 2 min )

De graandeal tussen Rusland en Oekraïne verloopt vandaag. De twee landen zijn het vooralsnog niet eens geworden over de duur van een eventuele verlenging. Het akkoord zorgt ervoor dat graan uit Oekraïne weer verhandeld kan worden.  ( 3 min )

Twitter gaat het algoritme waarmee het zijn gebruikers tweets aanbeveelt openbaar maken. De code die daarvoor wordt gebruikt, wordt op 31 maart "open source", twitterde eigenaar Elon Musk vrijdag.  ( 3 min )

Twitter gaat het algoritme waarmee het platform tweets aan gebruikers aanbeveelt, openbaar maken. De code die daarvoor wordt gebruikt wordt op 31 maart "open source", zei Elon Musk vrijdag in een tweet.  ( 3 min )

Een van de belangrijkste rentetarieven is donderdag weer verhoogd door de Europese Centrale Bank (ECB). Die hogere rente moet de inflatie afremmen, maar werkt nog op veel meer manieren door in de economie en jouw portemonnee. Hoe treft de hogere rente je huis, spaargeld, beleggingen en pensioen?  ( 8 min )

Researchers say about 200 banks could collapse if only half of customers with uninsured deposits withdraw their money in the wake of the tumult spurred by SVB's failure.  ( 1 min )

Large U.S. banks have seen a sharp increase in customer deposits and retail stock investment after trouble at regional banks.  ( 1 min )

U.S. equities sank on March 17, 2023, as renewed worries about the strength of banks continued to weigh on the markets.  ( 1 min )

News of the day for March 17, 2023  ( 1 min )

FedEx Corporation (FDX) is the best-performing stock in the S&P 500 after the package delivery firm beat quarterly profit estimates and raised its full-year guidance.  ( 1 min )

UBS Group (UBS) is in talks to acquire all or parts of Credit Suisse(CS), but neither company has confirmed the merger, Financial Times reported Friday.  ( 1 min )

SVB's parent company filed for Chapter 11 protection in a New York Court Friday.  ( 1 min )

First Republic Bank shares fell more than 30% Friday after a multibillion-dollar rescue deal orchestrated by the biggest U.S. banks failed to convince investors that the troubled lender is on solid footing.  ( 27 min )

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Reverse stock splits are generally done to give lagging share prices a boost.  ( 23 min )

The FDIC is still trying to sell the bank, which is having trouble finding a buyer.  ( 48 min )

Jordan might sell the Charlotte Hornets to a consortium co-led by Gabe Plotkin, whose Melvin Capital lost big in the pandemic's meme-stock frenzy.  ( 47 min )

Many investors know that Warren Buffett says to be greedy when others are fearful. Well, right now, there’s plenty of fear in the banking sector, especially when it comes to regional banks. However, it can be hard to heed that advice in real time when you’re worried about a stock going to zero like Silicon Valley Bank or Signature Bank. Here’s where ETFs like the SPDR S&P Regional Banking ETF (NYSEARCA:KRE) come in handy. The Appeal of Using an ETF in a Storm Investors can use ETFs like the SPDR  ( 49 min )

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UBS Group AG is in talks to buy all or parts of Credit Suisse, with their boards meeting separately over the weekend, the Financial Times reported late Friday.  ( 23 min )

After the bank’s $30 billion deposit rescue, investors are still struggling to figure out how to value the lender.  ( 25 min )

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First Republic is seeking to raise money from other banks or private-equity firms by selling new shares, the New York Times reported, citing people with...  ( 24 min )

A burst of U.S. exports to China is driving up charter rates for the world’s biggest crude tankers.  ( 26 min )

Microsoft stock gains as the collapse of Silicon Valley Bank and the popularity of OpenAI's ChatGPT drives investors to an established tech name.  ( 24 min )

(Bloomberg) -- The FTX crypto empire had a roughly $6.8 billion gap in its balance sheet when it filed for bankruptcy last year, advisers to the group have determined. Most Read from BloombergCredit Suisse Crisis Nears Finale as UBS Discussions Heat UpWarren Buffett in Contact With Biden Team on Banking CrisisTrump Calls for Protests Over Expected Arrest on NY ChargesCredit Suisse Investment Bank Said a Key Sticking Point in TalksMidsize US Banks Ask FDIC to Insure Deposits for Two YearsAssets a  ( 46 min )

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(Bloomberg) -- Two brutal weeks for banks have mostly scuttled hopes in markets that a US recession can be avoided. But a close read of the cross-asset landscape still finds investors unconvinced the stress portends a genuine financial crisis.Most Read from BloombergCFA Revised Exam Cuts Study Time, Stresses Practical SkillsUBS to Explore Credit Suisse Deal in Crisis CombinationUBS Seeks Swiss Backstop in Any Credit Suisse DealBlackRock Not Working on Rival Bid for Credit SuisseSchwab Clients Sh  ( 50 min )

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The Berkshire Hathaway CEO steered clear of bonds when rates were low and avoided much of the carnage that ensnares banks now.  ( 23 min )

Charles Schwab looked to reassure investors amid the crisis of investor confidence in bank stocks, saying it remained a 'safe port in a storm.'  ( 24 min )

Western Alliance Bancorp said late Friday the bank remains in strong position even though it saw outflows this week following the failure of Silicon Valley...  ( 23 min )

Aside from OPEC and any U.S. decision to refill the strategic petroleum reserve, the path of oil prices may depend on the banking turmoil.  ( 23 min )

(Bloomberg) -- Stock options worth hundreds of millions of dollars tied to failed lenders SVB Financial Group and Signature Bank are reaching expiration Friday with no certainty whether or how they can be cashed in.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosHow First Republic Bank Received a $30 Billion LifelineIn New York City, a $100,000 Salary Feels Like $36,000UBS, Credit Suisse Oppose Idea of Forced Tie-UpBanks Borrow $164.8 Billion From Fed in Rus  ( 48 min )

We ranked almost 50 separate CD accounts based on APYs, minimum deposit requirements, and more. Check out the accounts that made our top 10.  ( 62 min )

https://cdn.benzinga.com/files/images/story/2023/03/17/87cf1b69-078c-4adb-a86f-481c4d2e44e4.jpeg?optimize=medium&dpr=2&auto=webp&crop=1200%2C800 The oldest investing advice on Wall Street is to buy low and sell high. But the problem is that you never know for sure where the lowest or highest prices are. Regardless of price, with real estate investment trusts (REITs), buying low can often mean purchasing a stock for life with a very high dividend yield. Will that high dividend yield soon disappea  ( 48 min )

(Bloomberg) -- Holed up in a Hyatt hotel room in the Caribbean, John McClain whipped out his laptop on Sunday afternoon and started trading bonds. This was supposed to be a family vacation for McClain but, with bank failures piling up and US authorities rushing to stem the panic, that was out now. He needed to overhaul the $2.4 billion portfolio he managed for clients at Brandywine Global Investment Management LLC, and overhaul it fast.Most Read from BloombergSchwab Clients Shift From Prime Fund  ( 50 min )

Analysts at Jefferies expect these real-estate investment trusts to keep increasing payouts through 2025.  ( 25 min )

Let's see how things play out.  ( 9 min )

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(Bloomberg) -- Mohamed El-Erian says the latest upheaval surrounding First Republic Bank will make banks rethink their standards and prepare for tougher regulation.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosHow First Republic Bank Received a $30 Billion LifelineIn New York City, a $100,000 Salary Feels Like $36,000UBS, Credit Suisse Oppose Idea of Forced Tie-UpBanks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity“You have had an accident on  ( 47 min )

(Bloomberg) -- Charles Schwab Corp. said customers added a net $16.5 billion to its funds in the past five trading days amid a turbulent week for US banks. Most Read from BloombergUBS Seeks Swiss Backstop in Any Credit Suisse DealCFA Revised Exam Cuts Study Time, Stresses Practical SkillsUBS to Explore Credit Suisse Deal in Crisis CombinationBlackRock Not Working on Rival Bid for Credit SuisseSchwab Clients Shift From Prime Funds to Government PortfoliosThose “strong inflows” reflect Schwab’s fi  ( 47 min )

Ford Motor Co. has issued a recall of 343 Bronco Wildtrak and Raptor vehicles.  ( 24 min )

Parts of big tech can look pretty defensive—especially relative to shakier regional banks or cash-hungry start-ups.  ( 23 min )

Meta is pushing AI as the solution to its lagging ad sales and Wall Street's metaverse wariness.  ( 47 min )

Biden calls on Congress to offer regulators more latitude in clawing back executive compensation from the leadership of failed banks.  ( 47 min )

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It’s taken a while, but the miner’s shares, a Barron’s pick, have finally started doing what we thought they would—and it isn’t too late to buy.  ( 23 min )

(Bloomberg) -- Former Treasury Secretary Lawrence Summers said the Federal Reserve shouldn’t be spooked into easing its campaign to contain inflation out of excessive concern about a credit crunch in the wake of the recent banking turmoil.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosHow First Republic Bank Received a $30 Billion LifelineUBS, Credit Suisse Oppose Idea of Forced Tie-UpIn New York City, a $100,000 Salary Feels Like $36,000First Republic Set  ( 47 min )

Nvidia's valuation "has moved to the stratosphere on near-term numbers," but Morgan Stanley still sees the stock as an attractive way to play chip stocks.  ( 24 min )

The Silicon Valley Bank bailout highlights the potential need for a dramatic overhaul of the U.S. deposit-insurance system and banking regulations more broadly.  ( 25 min )

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‘It seems they put a high price target to generate interest in the IPO.’  ( 28 min )

Both stocks are up significantly so far this year, though whether those gains can hold is another matter.  ( 11 min )

Profits could slide as bankers boost liquidity by trimming lending, but dividends look secure unless a major recession strikes.  ( 23 min )

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Bearish sentiment continues to dominate the oil market, putting oil prices on course for a more than 10% weekly loss.  ( 48 min )

SoFi CEO Anthony Noto is continuing his buying spree, scooping up another $240,000 worth of the financial-technology company's stock Thursday.  ( 24 min )

The National Highway Transportation Administration listing affects 1,280,726 Ford Fusion and Lincoln MKZ vehicles.  ( 23 min )

https://cdn.benzinga.com/files/images/story/2023/03/17/meta-logo.png?optimize=medium&dpr=2&auto=webp&crop=1200%2C800 Meta Platforms, Inc (NASDAQ: META) initiated job cuts as planned, starting with 1,500 recruiting and human resources employees. During an internal meeting with employees, CEO Mark Zuckerberg informed employees that the economic climate of layoffs and restructuring could last “many years,” Bloomberg reports citing familiar sources. Meta explained the first wave of cuts to the execu  ( 46 min )

Savvy investors can win on their trades whether the market goes up or down, and no one knows this better than Michael Burry. Burry, whose successes in profiting from the financial crisis of 2008 were featured in the book and film The Big Short, has turned his eye to historical analogies, and is hinting at reasons for optimism in today’s environment following last week’s collapse of Silicon Valley Bank. Referring back to the October bank panic of 1907, Burry notes certain similarities with today’  ( 49 min )

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American Airlines' stock has tumbled enough in the past week, that long-time bearish analyst Scott Group at Wolfe Research said it was time to stop selling.  ( 25 min )

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The Chinese EV market is oversupplied. It's giving investors a chance to see what will happen to Tesla in the U.S. when more EV capacity comes online.  ( 23 min )

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THe FDA said it is seeking input from a panel of independent experts on whether to approve a gene therapy for Duchenne muscular dystrophy.  ( 23 min )

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Although 65 is a conventional retirement age, reaching this point with $2 million is quite a feat. This sum can generate investment and interest income to support you well in the decades to come. However, saving this amount takes effort. … Continue reading → The post Is $2 Million Enough to Retire at 65? appeared first on SmartAsset Blog.  ( 50 min )

Once a pension has vested, you should be entitled to keep those funds, even if you're fired. However, you aren't always entitled to all the money in your pension fund. In some cases, you might lose some, or even all, … Continue reading → The post Can You Lose a Vested Pension? appeared first on SmartAsset Blog.  ( 48 min )

Early retirement is a great goal for many. But to be able to retire early and comfortably, you're going to need a nest egg. How much you need depends on how you answer a few questions: What's your average cost … Continue reading → The post Is $3 Million Enough to Retire at 50? appeared first on SmartAsset Blog.  ( 50 min )

Time to hit those spreadsheets.  ( 46 min )

Stock futures were lower on Friday after markets staged a huge rally Thursday on news some of the country's biggest banks would band together to help stabilize struggling lender First Republic.  ( 48 min )

Intel seems trapped in a range, and the ETFs continue to trade beneath important moving averages.  ( 11 min )

Can this trend continue?  ( 10 min )

General Electric cites poor returns and earnings performance for the decision, though $146 million in shares could still come Larry Culp’s way in 2024.  ( 27 min )

Last week saw the largest five-day stretch of outflows from digital-asset investment products on record, involving some 1% of assets under management.  ( 23 min )

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(Bloomberg) -- Investors rushed back into risk assets amid Thursday’s stock market rebound, pouring $7.3 billion in a single day into the biggest ETF tracking US equities.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosIn New York City, a $100,000 Salary Feels Like $36,000Another Chaotic Week for Banks Marks the End of an Era for the Global EconomyHow First Republic Bank Received a $30 Billion LifelineTech Logs Best Week in 2023 as Bank Stocks Tremble: Marke  ( 46 min )

Is the government doing more harm than good?  ( 48 min )

Both are interesting candidates for the portfolios of income-oriented investors.  ( 23 min )

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Shares of XPeng Inc. dropped 2.8%% in premarket trading Friday, after the China-based electric vehicle maker reported fourth-quarter losses that were wider...  ( 23 min )

Something broke after all those rate hikes. Here's what Morgan Stanley's European strategist advises now.  ( 25 min )

Market mood is calmer at end of turbulent week but a prominent hedge fund manager warns the government must do more to support the banking sector.  ( 26 min )

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The Chinese EV market is oversupplied. It's giving investors a chance to see what will happen to Tesla in the U.S. when more EV capacity comes online.  ( 23 min )

Bold words from an OG banking analyst.  ( 47 min )

(Bloomberg) -- Bank of America Corp. strategist Michael Hartnett — one of the most bearish voices on Wall Street last year — says investors should sell any rally in stocks as fund flows don’t yet reflect deep enough concern about a looming recession.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosIn New York City, a $100,000 Salary Feels Like $36,000How First Republic Bank Received a $30 Billion LifelineUBS, Credit Suisse Oppose Idea of Forced Tie-UpAnother  ( 47 min )

Taken one by one, it might be reasonable to downplay the events of the past week.  ( 50 min )

Survey reveals 1 in 3 Americans didn't discuss finances before marriage — and many wish they had.  ( 50 min )

The San Francisco lender is under scrutiny by uninsured depositors across the banking system.  ( 26 min )

Bitcoin and Ether rallied by the end of Asian trading hours on Friday afternoon, together with all other top 10 non-stablecoin cryptocurrencies by market capitalization.  ( 46 min )

The company flags higher flat-rolled steel demand in North America, an indicator of strong activity from manufacturers.  ( 23 min )

Activist investor Bill Ackman warned the big banks' intervention only served to spread the risk of contagion.  ( 23 min )

(Bloomberg) -- First Republic Bank shares fell again on Friday, set for their worst week ever, as sentiment around the lender remained fragile even after proposals for $30 billion of aid from Wall Street’s biggest banks.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosFirst Republic Set to Get $30 Billion of Deposits in RescueIn New York City, a $100,000 Salary Feels Like $36,000UBS, Credit Suisse Oppose Idea of Forced Tie-UpHow Dimon and Yellen Helped Secure  ( 47 min )

A consortium of the biggest U.S. banks agrees to make uninsured deposits totaling $30 billion in beleaguered First Republic Bank, quarterly earnings at FedEx easily top analysts' estimates, and United States Steel issues better-than-expected first-quarter guidance.  ( 23 min )

(Bloomberg) -- US equity-index futures were steady on Friday and Treasuries gained, capping a tumultuous week for global markets amid lingering concern that the financial turmoil which has roiled bonds and stocks is not over.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosFirst Republic Set to Get $30 Billion of Deposits in RescueIn New York City, a $100,000 Salary Feels Like $36,000UBS, Credit Suisse Are Said to Oppose Idea of Forced Tie-UpHow Dimon and Yel  ( 50 min )

(Bloomberg) -- Oil headed for the biggest weekly loss this year after banking turmoil rippled across global markets, with investors watching for a potential response to the rout from OPEC and its allies.Most Read from BloombergSchwab Clients Shift From Prime Funds to Government PortfoliosFirst Republic Set to Get $30 Billion of Deposits in RescueIn New York City, a $100,000 Salary Feels Like $36,000UBS, Credit Suisse Are Said to Oppose Idea of Forced Tie-UpHow Dimon and Yellen Helped Secure $30  ( 48 min )

It’s taken a while, but the miner’s shares, a Barron’s pick, have finally started doing what we thought they would—and it isn’t too late to buy.  ( 23 min )

(Bloomberg) -- Spreading the risk of financial contagion to achieve “a false sense of confidence” in First Republic Bank is “bad policy”, Pershing Square’s Bill Ackman said in a tweet.Most Read from BloombergFirst Republic Set to Get $30 Billion of Deposits in RescueIn New York City, a $100,000 Salary Feels Like $36,000Schwab Clients Shift From Prime Funds to Government PortfoliosFirst Republic Bank Is Exploring Options Including a SaleThe 10 Top US Cities Where a $100,000 Salary Goes the Furthe  ( 46 min )

Bitcoin neared the US$25,000 mark on Friday morning in Asia. Cryptocurrencies gained as the U.S. and Europe moved to backstop troubled banks with cash.  ( 48 min )

Dividend stocks are the Swiss army knives of the stock market. When dividend stocks go up, you make money. When they don’t go up — you still make money (from the dividend). Heck, even when a dividend stock goes down in price, it’s not all bad news, because the dividend yield (the absolute dividend amount, divided by the stock price) gets richer the more the stock falls in price. Knowing all this, wouldn’t you like to find great dividend stocks? Of course you would. Wall Street analysts have chim  ( 49 min )

An 11-bank plan to save regional lender First Republic began with a brainstorming session between JPM CEO Jamie Dimon, Fed chair Jerome Powell and Treasury secretary Janet Yellen.  ( 48 min )

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A digital wallet is an application on an electronic device that stores payment information and allows you to securely make purchases without carrying cash or cards.  ( 18 min )

Apple Pay and Google Wallet are nearly identical in what they can do. Apple's mobile wallet may be to be easier to use, but Google's has more features.  ( 18 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 11 min )

Federal withholding rules are consistent and Social Security and Medicare are also withheld at the federal level, but state withholding rules vary.  ( 16 min )

UBS Group (UBS) is in talks to acquire all or parts of Credit Suisse(CS), but neither company has confirmed the merger, Financial Times reported Friday.  ( 11 min )

Private mortgage insurance (PMI) is costly, and the coverage only protects your mortgage lender, not you. Here are six reasons you should avoid PMI.  ( 17 min )

U.S. equities sank on March 17, 2023, as renewed worries about the strength of banks continued to weigh on the markets.  ( 11 min )

Here are some instances when it's wise to take money out of this tax-free investment account.  ( 17 min )

A market-on-close (MOC) order is a non-limit order that is executed as close to the end of the market day as possible.  ( 14 min )

The president said Congress should give the FDIC more power to take back gains from stock sales and compensation for executives at failed banks taken over by regulators.  ( 11 min )

Take a look at several of the most prominent financial crises of the 21st century, and understand why the Great Recession was a truly remarkable contraction.  ( 19 min )

You can't roll a traditional IRA into a 529 plan without paying taxes, but there are better options to help cover higher-education expenses.  ( 18 min )

Rates on 30-year mortgages shed a single basis point, leaving the flagship average at its lowest point since Valentine's Day.  ( 12 min )

Bear Stearns was an investment bank that collapsed during the subprime mortgage crisis in 2008. Read what happened after the Bear Stearns bailout.  ( 19 min )

The 30-year mortgage average dropped an eighth of a point, dipping to its lowest level in four weeks.  ( 12 min )

Before using your home as loan collateral, consider both your financing needs and your appetite for uncertainty.  ( 26 min )

Researchers say about 200 banks could collapse if only half of customers with uninsured deposits withdraw their money in the wake of the tumult spurred by SVB's failure.  ( 11 min )

IRA account holders receive Form 5498 which includes information about their contributions, rollovers, Roth conversions, and required minimum distributions.  ( 17 min )

IRAs and annuities are both retirement savings tools, but they have differences you need to know—especially if you want to house one inside the other.  ( 21 min )

FedEx Corporation (FDX) is the best-performing stock in the S&P 500 after the package delivery firm beat quarterly profit estimates and raised its full-year guidance.  ( 11 min )

A gauge of consumer sentiment fell for the first time in four months in March, even before the financial turmoil caused by the collapse of Silicon Valley Bank and Signature Bank.  ( 10 min )

Large U.S. banks have seen a sharp increase in customer deposits and retail stock investment after trouble at regional banks.  ( 11 min )

In bankruptcy, shareholders may be entitled to a portion of the company's liquidated assets, but the stock will be worthless.  ( 18 min )

Not every moment is a good trading opportunity. Put each trade through this five-step test.  ( 20 min )

The CFPB is asking consumers to share their experiences with companies that collect personal information to evaluate if their practices are illegal and to bring new rules.  ( 12 min )

The five Cs of credit are character, capacity, collateral, capital, and conditions. The five Cs of credit are important because lenders use them to set loan rates and terms.  ( 22 min )

Basel IV is the informal name for a set of proposed international banking reforms building on the Basel I, Basel II, and Basel III accords.  ( 18 min )

PMI, or private mortgage insurance, is required when a homebuyer puts down less than a 20% down payment. Learn about some ways to avoid paying this fee.  ( 16 min )

An index fund is a pooled investment vehicle that passively seeks to replicate the returns of some market indexes.  ( 19 min )

The shadow banking system refers to financial intermediaries that fall outside the realm of traditional banking regulations.  ( 19 min )

SVB's parent company filed for Chapter 11 protection in a New York Court Friday.  ( 10 min )

An emergency student loan can cover unexpected expenses, but getting one is not the same as with a standard student loan. Learn how, and where, to get an emergency student loan.  ( 14 min )

Multi-unit new builds accounted for the majority of the growth, jumping 24.1% from January.  ( 12 min )

A silent bank run is when a bank's depositors withdraw funds in large volumes without physically entering the bank. Learn what causes a silent bank run.  ( 16 min )

Fidelity has extended its crypto trading service to retail customers and could benefit from recent bank turmoil.  ( 11 min )

News of the day for March 17, 2023  ( 11 min )

Tax efficiency is when an individual or business pays the least amount of taxes required by law.  ( 17 min )

BlackBerry's history of success and failure is demonstrated by extreme volatility in its stock price. Investopedia explores the reasons why.  ( 17 min )

A negotiation is a strategic discussion that involves two or more parties to resolve an issue in a way that each party finds acceptable.  ( 16 min )

De Zwitserse bank UBS voert gesprekken met Credit Suisse over een volledige of gedeeltelijke overname van de geplaagde bank. Dat meldt de Britse zakenkrant Financial Times op basis van bronnen met kennis van de gesprekken.  ( 4 min )

Gerard Sanderink is per direct geschorst als topman van bouwbedrijf Strukton en ingenieursbureau Oranjewoud. Sanderink kan geen beslissingen meer nemen namens de genoemde ondernemingen, schrijven ze in een verklaring.  ( 3 min )

Het kabinet gaat luchthavens CO2-plafonds opleggen. Dat moet garanderen dat de vliegvelden hun uitstoot terugbrengen. Dat meldt minister Mark Harbers (Infrastructuur) vrijdag aan de Tweede Kamer.  ( 3 min )

Het Amerikaanse chemiebedrijf Dow schrapt wereldwijd tweeduizend banen. Bij de Nederlandse vestigingen in Terneuzen, Dordrecht en Delfzijl verliezen daardoor 127 medewerkers hun baan.  ( 2 min )

De gemeente Deventer gaat overtredingen van bijvoorbeeld het bestemmingsplan opsporen met drones. Zo kan ze controleren of inwoners zich aan de regels houden op lastig bereikbare plekken als daken.  ( 3 min )

Een aantal smartphonemodellen van Samsung, Google en de Chinese fabrikant Vivo kunnen op afstand overgenomen worden. Daarvoor waarschuwt Google vrijdag. Aanvallers hebben alleen het telefoonnummer van het slachtoffer nodig om de smartphone te hacken.  ( 3 min )

Het UWV heeft vrijdag in 2,5 uur tijd 40.000 aanvragen voor het opleidingsbudget STAP ontvangen. Daarmee was om 12.30 uur het volledige budget van 34 miljoen euro op. Veel mensen vissen daardoor achter het net.  ( 3 min )

De toezichtraad van de Europese Centrale Bank (ECB) komt vrijdag ongepland bijeen om te praten over de Europese bankensector. Daar nam de nervositeit toe na het faillissement van twee banken in de Verenigde Staten: Silicon Valley Bank (SVB) en Signature Bank. Ook zijn er bij beleggers grote zorgen over het Zwitserse Credit Suisse.  ( 4 min )

Deze winter geeft NU.nl je regelmatig een overzicht van de ontwikkeling van de gasprijs, het gasverbruik en de vulling van de gasopslagen in Nederland. Dit zijn de cijfers van de afgelopen week in drie grafieken.  ( 4 min )

De digitale wachtrij voor de aanvraag van het STAP-budget telde enkele minuten na de opening van het loket al zo'n 250.000 wachtenden, meldt uitvoeringsinstantie UWV.  ( 3 min )

Een aantal smartphonemodellen van Samsung, Google en de Chinese fabrikant Vivo kunnen op afstand overgenomen worden. Daarvoor waarschuwt Google vrijdag. Aanvallers hebben alleen het telefoonnummer van het slachtoffer nodig om de smartphone te hacken.  ( 3 min )

De toezichtraad van de Europese Centrale Bank (ECB) komt vrijdag ongepland bijeen om kwetsbaarheden te bespreken in de Europese bankensector. Daar nam de nervositeit de afgelopen week toe na het faillissement van twee banken in de Verenigde Staten, Silicon Valley Bank (SVB) en Signature Bank. Ook waren er bij beleggers grote zorgen over het Zwitserse Credit Suisse.  ( 4 min )

De digitale wachtrij voor de aanvraag van het STAP-budget telde enkele minuten na de opening van het loket al zo'n 250.000 wachtenden, meldt uitvoeringsinstantie UWV.  ( 3 min )

EA SPORTS voegt in de aanloop naar de Dag tegen Racisme en Discriminatie op dinsdag 21 maart de OneLove-campagne toe aan het spel FIFA 23. Gamers kunnen een speciaal tenue vrijspelen en hun stadion voorzien van OneLove-uitingen.  ( 3 min )

Starters op de woningmarkt zijn door stijgende hypotheekrentes een steeds groter deel van hun inkomen kwijt aan hypotheeklasten. Bijna 33 procent van hun besteedbaar inkomen gaat naar hun hypotheek. Dat is meer dan ooit, zeggen onderzoekers van ING.  ( 4 min )

De gesloten Toyota-fabriek in Sint-Petersburg wordt mogelijk overgedragen aan het Russische staatsbedrijf NAMI. De Japanse autofabrikant wil net als Renault en Nissan van zijn Russische productielocatie af.  ( 3 min )

Elf van de grootste Amerikaanse banken trekken samen op en investeren 30 miljard dollar (28 miljard euro) om de regionale First Republic Bank uit de problemen te helpen. Die bank dreigde ook slachtoffer te worden van onrust in de bankensector.  ( 4 min )

Het is weer mogelijk om een tegemoetkoming van 1.000 euro in de studiekosten aan te vragen. De problemen bij het subsidieportaal waar het budget aangevraagd kan worden zijn opgelost. Het loket gaat om 10.00 uur weer open.  ( 4 min )

U.S. equities indexes moved higher on March 16, 2023, as a group of banks pledged billions to come to the rescue of First Republic Bank (FRC).  ( 1 min )

Shares of First Republic Bank (FRC) plunged Thursday on a report the struggling regional bank is exploring strategic options, including a sale, and as S&P Global Ratings and Fitch Ratings cut their ratings on its bonds to junk.  ( 1 min )

News of the day for March 16, 2023  ( 1 min )

Ailing First Republic Bank got a $30 billion lifeline from eleven of the nation's biggest banks including JPMorgan, Citigroup, Wells Fargo and Bank of America.  ( 1 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 11 min )

In Senate testimony, U.S. Treasury Secretary Janet Yellen expressed confidence in the integrity of the banking system after recent bank failures.  ( 10 min )

U.S. equities indexes moved higher on March 16, 2023, as a group of banks pledged billions to come to the rescue of First Republic Bank (FRC).  ( 10 min )

Government benefits can cost you big money, which is why it’s so important to know the income thresholds before you file.  ( 19 min )

The nonfarm payroll (NFP) report is a key economic indicator in the United States and affects trading and volatility in the foreign exchange market.  ( 19 min )

The Stock Market Crash of 1929 was the start of the biggest bear market in Wall Street's history and signified the beginning of the Great Depression.  ( 17 min )

If you’ve been making only the minimum student loan payments, then you might not be in any rush to pay them off. But if you don’t want to spend a couple decades paying off your student debt, here are some tips to fast track your progress.  ( 16 min )

Learn about the market risk capital rule enacted by the Federal Reserve, and understand how it reflects Basel III international banking regulations.  ( 15 min )

A bailout is an injection of money from a business, individual, or government into a failing company to prevent its demise and the ensuing consequences.  ( 19 min )

Ailing First Republic Bank got a $30 billion lifeline from eleven of the nation's biggest banks including JPMorgan, Citigroup, Wells Fargo and Bank of America.  ( 12 min )

A receivership is a court-appointed solution that can assist creditors to recover funds in default and help troubled companies to avoid bankruptcy.  ( 17 min )

Dedication strategy is an asset management method by which the expected returns on an investment portfolio are matched with estimated future liabilities.  ( 12 min )

Squeezes are business and investing situations when borrowing is difficult or when profits decline due to increasing costs or decreasing revenues.  ( 17 min )

When company files for Chapter 7 or Chapter 11 bankruptcy, investors may receive little or nothing, depending on their type of investment.  ( 19 min )

Learn which types of business accounts are insured by the FDIC and find out how much of the deposits made by a business are covered by the FDIC.  ( 15 min )

Federal deposit insurance covers 401(k) plan assets only in very limited circumstances. Here is how to tell if you're covered.  ( 16 min )

If your mortgage lender goes bankrupt, you do still need to make your mortgage payments. However, your loan will likely be sold to another company.  ( 16 min )

FDIC has clients with less than $250,000 in their accounts covered; when deposits over that amount will be accessible is unclear.  ( 12 min )

The FDIC protects certain individual retirement accounts, but only if they contain banking products like CDs and money market accounts.  ( 17 min )

Moving money from stocks and bonds to cash within your IRA isn't taxable.  ( 16 min )

The value-chain analysis looks at each production step and identifies ways to increase the efficiency of the value chain and reduce costs.  ( 16 min )

Scalpers can profit in today's electronic trading environment by using technical indicators that are custom-tuned to very small time frames.  ( 16 min )

Retirement planning can be tricky. These retirement planning tips can help you figure out the best way to save smarter if you're in your mid-60s and beyond.  ( 17 min )

Liquidate means to convert assets into cash or cash equivalents by selling them on the open market.  ( 20 min )

Entrepreneurship is important to the economy for a number of reasons, including creating jobs and promoting social change.  ( 18 min )

Amid fervent protests from citizens and lawmakers, French President Emmanuel Macron unilaterally changed the retirement age Thursday. See how it compares to other countries.  ( 12 min )

Shares of First Republic Bank (FRC) plunged Thursday on a report the struggling regional bank is exploring strategic options, including a sale, and as S&P Global Ratings and Fitch Ratings cut their ratings on its bonds to junk.  ( 11 min )

Ten investors poured more than $16 million into two private cryptocurrency funds run by Cathie Wood's ARK Investment.  ( 11 min )

Despite concerns about a possible banking contagion following the collapse of two U.S. banks, the European Central Bank (ECB) boosted interest rates by 50 basis points (bps), saying "inflation is projected to be too high for too long."  ( 10 min )

Find out how the asset management industry is regulated and how those regulations fit within the broader scope of financial industry regulation.  ( 15 min )

Rates on 30-year mortgages climbed modestly, reversing a two-day decline that had taken the average to a four-week low.  ( 13 min )

Learn how an open short position for an investor is affected when a company gets delisted and declares bankruptcy.  ( 17 min )

The Dodd-Frank Wall Street Reform and Consumer Protection Act is a series of federal regulations passed to prevent future financial crises.  ( 23 min )

The U.S. asks TikTok’s Chinese parent company ByteDance to sell its stake in TikTok or face a possible ban in the country.  ( 11 min )

News of the day for March 16, 2023  ( 11 min )

The move will help Credit Suisse shore up liquidity and offer some confidence to investors after its shares took a beating Wednesday.  ( 11 min )

First Republic Bank received $30 billion in bailout money from a variety of other banks, including Morgan Stanley and PNC Bank who might offer to purchase FRB.  ( 48 min )

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Silicon Valley is getting a reset -- some could also call it a comeuppance -- after the past 12 to 13 years of insane growth, often irresponsible spending,...  ( 29 min )

Appearing before the Senate Finance Committee Thursday, Treasury Secretary Janet Yellen said in no uncertain terms that she does not think a Republican proposal for the U.S. to prioritize its debt payments in the event of a default is viable. The U.S. bumped up against the federal debt limit in January, forcing the Treasury to start taking “extraordinary measures” to make its payments. Absent an increase or suspension in the federal debt limit, the Treasury could be unable to meet its obligation  ( 47 min )

(Bloomberg) -- Charles Schwab Corp. was hit with $8.8 billion in net outflows from its prime money market funds this week as investors scrutinized the brokerage’s resilience amid questions about the health of the wider financial industry.Most Read from BloombergFirst Republic Set to Get $30 Billion of Deposits in RescueFirst Republic Bank Is Exploring Options Including a SaleIn New York City, a $100,000 Salary Feels Like $36,000The 10 Top US Cities Where a $100,000 Salary Goes the FurthestNew Fe  ( 48 min )

General Electric CEO Larry Culp has agreed to a cut in his compensation in response to shareholder feedback, according to a regulatory filing on Thursday.  ( 21 min )

The more you look, the more likely you are to invest in lottery-type stocks, writes Mark Hulbert.  ( 26 min )

Government benefits can cost you big money, which is why it’s so important to know the income thresholds before you file.  ( 19 min )

(Bloomberg) -- Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, a sign of escalated funding strains in the aftermath of Silicon Valley Bank’s failure.Most Read from BloombergFirst Republic Set to Get $30 Billion of Deposits in RescueFirst Republic Bank Is Exploring Options Including a SaleIn New York City, a $100,000 Salary Feels Like $36,000The 10 Top US Cities Where a $100,000 Salary Goes the FurthestNew Fed Bank Backstop Has Scope  ( 48 min )

Lumen is offering to conduct a debt exchange in what one analyst sees as an attempt to "fight it out" amid growing doubts about the telecommunications company.  ( 21 min )

Nikola Corp. said late Thursday it is moving its battery manufacturing from Cypress, Calif., to its Coolidge, Ariz., plant, with the move expected to be...  ( 23 min )

Dividend-paying stocks are consistent, defensive and tend to outperform over time, writes Michael Brush.  ( 21 min )

Regulators handling the 2023 bank failures can improve on the mistakes that made the 2008 bailouts so hated.  ( 49 min )

U.S. stocks could see increasingly wild swings in the coming days as option contracts tied to trillions of dollars in securities are set to expire on Friday,...  ( 21 min )

CEO Walt Bettinger paid $2.97 million to buy 50,000 shares at an average price of $59.31.  ( 23 min )

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Bankman-Fried and his inner circle collectively received roughly $3.2 billion in payments and loans, court documents have revealed.  ( 47 min )

Wall Street is looking for a per-share loss of about 16 cents from $950 million in sales for the 2022 fourth quarter.  ( 23 min )

(Bloomberg) -- With Credit Suisse Group AG having wobbled this week and a handful of regional US banks collapsing, company executives are getting more concerned about where they can safely keep their cash.Most Read from BloombergFirst Republic Set to Get $30 Billion of Deposits in RescueIn New York City, a $100,000 Salary Feels Like $36,000Schwab Clients Shift From Prime Funds to Government PortfoliosFirst Republic Bank Is Exploring Options Including a SaleThe 10 Top US Cities Where a $100,000 S  ( 50 min )

(Bloomberg) -- Former Treasury Secretary Lawrence Summers praised European Central Bank President Christine Lagarde for raising interest rates by a half percentage point Thursday and said the Federal Reserve should follow with its own, smaller, move next week.Most Read from BloombergFirst Republic Set to Get $30 Billion of Deposits in RescueFirst Republic Bank Is Exploring Options Including a SaleIn New York City, a $100,000 Salary Feels Like $36,000The 10 Top US Cities Where a $100,000 Salary G  ( 47 min )

(Bloomberg) -- The “banking crisis is over,” Odeon Capital analyst Dick Bove said after reports that the nation’s largest private banks will provide $30 billion in liquidity to stabilize First Republic Bank.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleFirst Republic Set to Get $30 Billion of Deposits in RescueIn New York City, a $100,000 Salary Feels Like $36,000The 10 Top US Cities Where a $100,000 Salary Goes the FurthestRyan Reynolds-Backed Mint Is Bought b  ( 47 min )

A group of Wall Street’s largest lenders were on Wednesday night preparing to prop up crisis-hit Californian lender First Republic in a $30bn deal as the fallout from the collapse of Silicon Valley Bank continued.  ( 47 min )

New AI software could revolutionize Office apps, but stakes are much higher.  ( 25 min )

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Amid fervent protests from citizens and lawmakers, French President Emmanuel Macron unilaterally changed the retirement age Thursday. See how it compares to other countries.  ( 13 min )

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Retirement planning can be tricky. These retirement planning tips can help you figure out the best way to save smarter if you're in your mid-60s and beyond.  ( 17 min )

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https://cdn.benzinga.com/files/images/story/2023/03/16/elon_musk_at_a_press_conference.jpg?optimize=medium&dpr=2&auto=webp&crop=1200%2C800 Benzinga Amid Thin Twitter Safety Staff, Elon Musk Frets Over Microsoft Reportedly Axing AI Ethics Team Elon Musk fusses over Microsoft Corporation (NASDAQ: MSFT), reportedly firing its AI Ethics and Society team amid concerns about the reduced Twitter workforce. Musk reacted to a news report about Microsoft slashing its Ethics and Society team within the art  ( 49 min )

The EV infrastructure provider it will sell up to 41,500 EV charging units to the Post Office.  ( 23 min )

(Bloomberg) -- Occidental Petroleum Corp.’s weaker share price — dragged down by crude oil’s latest rout — is giving Warren Buffett another chance to expand his stake.Most Read from BloombergFirst Republic Set to Get $30 Billion of Deposits in RescueIn New York City, a $100,000 Salary Feels Like $36,000First Republic Bank Is Exploring Options Including a SaleThe 10 Top US Cities Where a $100,000 Salary Goes the FurthestSchwab Clients Shift From Prime Funds to Government PortfoliosThe billionaire  ( 46 min )

Trading below book value and paying a dividend are two key characteristics of a value stock, and these three real estate investment trusts (REITs) qualify: Dynex Capital Inc. (NYSE: DX), Hersha Hospitality Trust (NYSE: HT) and RPT Realty (NYSE: RPT) may be worth a closer look for investors seeking those qualities. No guarantees of profitability exist, and value stocks can stay depressed for longer than is pleasant, but with these, you receive a dividend while you wait. The idea, developed by leg  ( 47 min )

Reynolds reportedly owns between 20% and 25% of Mint Mobile, as well as part of a Welsh football club. He also sold Aviation Gin in 2020 for over $300 million.  ( 25 min )

France, the U.K. and China are talking about increasing retirement ages — here’s what’s happening in the U.S.  ( 21 min )

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The beleaguered lender is working on various potential options to shore itself up including a capital raise.  ( 26 min )

Warren Buffett's Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) acquired more shares in Occidental Petroleum Corp (NYSE: OXY), increasing its stake to about 23.1%, according to a regulatory filing. According to the filing, Berkshire paid about $466.68 million for 7.9 million Occidental shares between March 13 and March 15. Earlier this month, Berkshire Hathaway resumed its purchases of Occidental Petroleum shares after a gap of five months. Berkshire Hathaway's company now owns about 208.04  ( 46 min )

The disgraced founder of the failed cryptocurrency exchange is facing legal bills in the millions of dollars and wants "priority" access to the firm's director and officer insurance.  ( 46 min )

(Bloomberg) -- Just days ago, First Republic Bank boasted of another coup for its wealth-management business: poaching a six-person team from Morgan Stanley in Los Angeles.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleIn New York City, a $100,000 Salary Feels Like $36,000Credit Suisse Is In Crisis. What Went Wrong?Ryan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionCredit Suisse Reels After Top Shareholder Rules Out Raising StakeThat followed hirin  ( 50 min )

Will Silicon Valley Bank’s collapse influence the policy makers to take a more forgiving stance regarding its interest rate hiking endeavors? Word on the Street is that it is a possibility, but David Rubenstein is not so sure – the billionaire investor thinks the Fed will find the middle ground in its continued efforts to rein in inflation. “I suspect 25 basis points is the split-the-baby decision that’s most likely,” Rubenstein said ahead of the Federal Reserve’s meeting next week. Whether Rube  ( 50 min )

Whether you're saving money in a bank account or investing it in the market, you want some reassurance that it's safe. The Federal Deposit Insurance Corporation (FDIC) and the Securities Investor Protection Corporation (SIPC) ensure banks and other financial institutions, … Continue reading → The post SIPC vs. FDIC: Understanding Key Differences appeared first on SmartAsset Blog.  ( 50 min )

Certificates of deposit (CDs) offer a great, more structured way to save. CDs have specific time terms that typically vary from a few months to a decade. After you make your initial deposit, you can't access your funds until the … Continue reading → The post Are Certificates of Deposit (CDs) FDIC-Insured? appeared first on SmartAsset Blog.  ( 48 min )

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(Bloomberg) -- Virgin Orbit Holdings Inc. shares tumbled after the Richard Branson-founded satellite launch firm said it would halt operations while attempting to secure more funding.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleIn New York City, a $100,000 Salary Feels Like $36,000Credit Suisse Is In Crisis. What Went Wrong?Ryan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionCredit Suisse Reels After Top Shareholder Rules Out Raising StakeThe comp  ( 46 min )

Net sales from owned brands, a major focus for the footwear retailer, were up 32.1% in 2022.  ( 46 min )

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Susquehanna upgraded Intel's stock to neutral from negative Thursday as part of a broader re-evaluation of the chip landscape.  ( 20 min )

Fourth-quarter adjusted Ebitda at Proterra was a negative $60 million from $80 million in sales.  ( 23 min )

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While so many people are financially prepared for the amount they will need in retirement, many fail to consider how their situation might change due to a disability. Unfortunately, a disability is the most common reason for nursing home placement. By … Continue reading → The post Asset Protection If a Spouse Goes into a Nursing Home appeared first on SmartAsset Blog.  ( 50 min )

Retiring at 50 is a lofty goal that gives you plenty of time to pursue all the projects you couldn't get to in your career and make memories with friends and family. However, leaving the workforce 12 years before you … Continue reading → The post Is $5 Million Enough to Retire on at 50? appeared first on SmartAsset Blog.  ( 52 min )

Stock futures were mixed on Thursday ahead of a key decision from the ECB and continued uncertainty about the health of the U.S. banking system.  ( 48 min )

(Bloomberg) -- First Republic Bank shares plunged in premarket trading on Thursday, extending a week-long rout as executives consider courting a buyer to prop up the bank in the wake of the collapse of several regional peers.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionIn New York City, a $100,000 Salary Feels Like $36,000Credit Sui  ( 46 min )

Shares of Nucor Corp. fell 0.6% toward a 2 1/2-month low in premarket trading Thursday, after the steelmaker provided a first-quarter profit outlook that was...  ( 20 min )

Snap, Meta rise on Biden threat to Bytedance, and Baidu falls as AI-bot disappoints investors  ( 20 min )

Shares of Esperion Therapeutics Inc. plunged about 56% in premarket trading on Thursday, the day after the company told investors that there is a dispute...  ( 20 min )

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"It puts you in the position where it's really difficult to get another job," ex-employee Brit Levy said. "It's a tradeoff and it sounds great, but it's going to really screw up people's careers."  ( 48 min )

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Let's check the charts and indicators.  ( 10 min )

Western Alliance Bancorp stock fell 8% in premarket trades after credit rating agency Fitch Ratings placed the company’s debt and deposit ratings on rating...  ( 20 min )

Shares of LivePerson Inc. plummeted 41.2% toward a seven-year low in premarket trading Thursday, after the provider of natural-language chat services using...  ( 20 min )

An earlier version of this article incorrectly characterized it as a new investment, when Exxon announced it more than four years ago. The news today is the...  ( 20 min )

The company has hit the pause button "in order to conserve capital" while it seeks funding sources.  ( 23 min )

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The Biden administration has insisted taxpayers will not be on the hook for the recent bailout of SVB, but a Heritage economist says that "doesn't pass the smell test."  ( 50 min )

Emission-free energy is ready and plentiful.  ( 49 min )

First Republic Bank stock tumbled another 15% in premarket trade Thursday, amid reports it’s exploring its strategic options, including a potential sale of...  ( 20 min )

Silicon Valley Bank may be the start of something grimmer  ( 52 min )

The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system. The ECB hiked rates by half a percentage point Thursday, underlining its determination to fight high inflation. ECB President Christine Lagarde said last week that it was “very likely” the bank would raise its benchmarks by a half-percentage point, part of a series of rapid rate hikes aimed at getting inflation down from 8.5% — far above the bank’s target of 2%.  ( 49 min )

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(Bloomberg) -- European stocks pared an early rally on Thursday and bonds fell as traders braced for a European Central Bank rate decision amid concerns about the outlook for economic growth, even as bank shares rebounded after Credit Suisse Group AG’s lifeline.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionIn New York City, a $100,00  ( 49 min )

Credit Suisse added more gas on the banking fire, exacerbating an already tough decision for central banks.  ( 49 min )

Credit Suisse will exercise an option to borrow as much as $54 billion from the Swiss National Bank, Snap surges on a report the Biden administration is demanding the sale of the U.S. arm of TikTok, and Adobe boosts its fiscal-year outlook.  ( 24 min )

Investors and customers fell in love with these two Silicon Valley banks and their CEOs. Then they fled as the crisis hit.  ( 24 min )

(Bloomberg) -- Bond investors who had bet that central banks were too hawkish in the face of recession risks should now book profits as this week’s rally is overdone.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionIn New York City, a $100,000 Salary Feels Like $36,000Credit Suisse Is In Crisis. What Went Wrong?That’s the view of strate  ( 49 min )

Virgin Orbit, the Richard Branson-founded satellite launch firm has paused operations and furloughed staff while it attempts to secure more funding, according to a report.  ( 47 min )

(Bloomberg) -- The Federal Reserve’s emergency loan program may inject as much as $2 trillion of funds into the US banking system and ease the liquidity crunch, according to JPMorgan Chase & Co.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionIn New York City, a $100,000 Salary Feels Like $36,000Credit Suisse Is In Crisis. What Went Wro  ( 46 min )

Executives and directors at Schwab spent about $7 million buying the financial-services giant's beaten-down stock this week in an apparent vote of confidence.  ( 21 min )

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Berkshire Hathaway bought about eight million shares in recent days.  ( 24 min )

(Bloomberg) -- It was Federal Reserve policy, not crypto, which was the primary culprit in the bankruptcies of Silicon Valley Bank and Signature Bank, according to Ark Investment chief Cathie Wood.Most Read from BloombergFirst Republic Bank Is Exploring Options Including a SaleCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionIn New York City, a $100,000 Salary Feels Like $36,000Credit Suisse Is In Crisis. What Went  ( 46 min )

Although they may seem boring, pipeline stocks have been solid dividend payers for years on end, and even in a rising interest rate environment, they are likely to remain strong bets  ( 51 min )

Embattled First Republic Bank is exploring its strategic options, including a potential sale, according to a new report.  ( 20 min )

A former Wells Fargo Bank executive accused of overseeing a ruse that created millions of bogus customer accounts has agreed to plead guilty to criminal charges likely to send her prison for her role in the scandal. The agreement filed Wednesday in a Los Angeles federal court calls for the former Wells Fargo executive, Carrie Tolstedt, to serve a 16-month prison sentence for obstructing regulators' investigation into abusive sales practices that culminated in the bank paying billions of dollars in fines. Tolstedt, 63, also agreed to pay a $17 million fine in a separate civil settlement with the government that also bans her from working again in the banking industry.  ( 46 min )

De prijzen van olie zijn de voorbije dagen gezakt naar het laagste punt sinds december 2021. Voor een vat Noordzeeolie betaalden handelaren woensdag en donderdag op sommige momenten minder dan 73 dollar (zo'n 69 euro). Ook Amerikaanse olie werd flink goedkoper.  ( 3 min )

Unilever start later dit jaar met de bouw van een nieuwe fabriek in Oekraïne. Het levensmiddelenbedrijf wil in hoofdstad Kyiv producten voor persoonlijke verzorging maken, vooral voor de lokale markt. Het gaat om een investering van 20 miljoen euro.  ( 3 min )

Het Franse olie- en gasconcern TotalEnergies verkoopt al zijn tankstations in Nederland en Duitsland aan het Canadese bedrijf Couche-Tard. Het gaat om bijna zestienhonderd pompstations. De naam TotalEnergies is nog wel minstens vijf jaar te zien, omdat het olieconcern de stations zolang van brandstof voorziet.  ( 3 min )

Het Franse olie- en gasconcern TotalEnergies verkoopt al zijn tankstations in Nederland en Duitsland aan het Canadese bedrijf Couche-Tard. Het gaat om bijna zestienhonderd pompstations. De naam TotalEnergies is nog wel minstens vijf jaar te zien, omdat het olieconcern de stations zolang van brandstof voorziet.  ( 3 min )

De Europese Centrale Bank (ECB) schroeft zijn belangrijkste rente met 0,5 procentpunt op. Het is al de zesde verhoging sinds afgelopen juni. De financiële toezichthouder trotseert daarmee twijfels over de stabiliteit van de economie. Die is onder druk komen te staan door problemen bij banken in Europa en de VS.  ( 4 min )

De Amsterdamse beurs staat aan het begin van de middag licht hoger. Vooral financiële aandelen als ING en ABN AMRO tonen herstel nu Credit Suisse ruim 50 miljard euro steun krijgt van de Zwitserse centrale bank.  ( 3 min )

Vandaag legt in meer dan zestig ziekenhuizen een deel van de zorgmedewerkers het werk neer. En de tweede stakingsdag is al in voorbereiding. Wat zijn de voornaamste redenen om actie te voeren? In dit artikel komen de stakers aan het woord.

De gegevens van ongeveer 48.000 mensen die tussen 2015 en 2021 online een toegangsticket voor de Amsterdamse Waterleidingduinen hebben gekocht, zijn gestolen door hackers. De politie stuitte op de gestolen data in een onderzoek naar grootschalige datadiefstal.  ( 3 min )

De Amerikaanse regering wil dat TikTok-moederbedrijf ByteDance zijn populaire filmpjesapp verkoopt. Doet het bedrijf dat niet, dan volgt mogelijk een verbod, meldt The Wall Street Journal donderdag.  ( 3 min )

De Amsterdamse beurs is donderdag hoger geopend. Vooral financiële aandelen als ING en ABN AMRO tonen herstel nu Credit Suisse ruim 50 miljard euro steun krijgt van de Zwitserse centrale bank.  ( 3 min )

De Europese Centrale Bank (ECB) maakt donderdag bekend of ze haar rente opnieuw verhoogt in de strijd tegen inflatie. Maar de toezichthouder moet ook rekening houden met zorgen over problemen bij banken. Een nieuwe renteverhoging kan die onrust juist aanwakkeren.  ( 5 min )

Netbeheerder Liander heeft vorig jaar samen met de politie 360 hennepkwekerijen ontdekt. Die tapten samen 18,7 miljoen kilowattuur (kWh) stroom illegaal af. Dat is bijna net zo veel als het jaarlijkse verbruik van 6.500 huishoudens. In 2021 kwam het aantal ontdekte hennepkwekerijen nog boven de 600 uit.  ( 3 min )

Credit Suisse gaat maximaal 50 miljard Zwitserse frank (50,6 miljard euro) lenen van de Zwitserse centrale bank. Het geld is nodig om de bank te versterken, terwijl die zich omvormt tot een simpelere organisatie. Credit Suisse wil zich naar eigen zeggen meer richten op de belangen van klanten.  ( 3 min )

De werkloosheid in ons land is vorige maand licht gedaald na een kleine stijging in januari. In februari zaten zo'n 356.000 mensen zonder werk, zo blijkt donderdag uit cijfers van statistiekbureau CBS.  ( 3 min )

Om een flinke loonsverhoging en minder werkdruk af te dwingen legt personeel donderdag in 64 ziekenhuizen het werk neer. "Wij willen geen filmsterlonen, maar koopkrachtreparatie", zegt vakbondsbestuurder Elise Merlijn van FNV Zorg & Welzijn.  ( 4 min )

Over twee weken is het zover: dan zit er na jaren van discussie en nog eens een paar maanden uitstel echt statiegeld op blikjes. Maar liefst 2,5 miljard blikjes gaan er jaarlijks over de toonbank, een miljard meer dan de grote en kleine petflessen bij elkaar. Statiegeld Nederland schat dat in het eerste jaar de helft tot 70 procent ervan wordt ingeleverd om 15 eurocent terug te krijgen.  ( 6 min )

BlackRock Inc CEO Larry Fink warned investors on Wednesday the U.S. regional banking sector was still at risk and that higher inflation and interest rates were here to stay.  ( 1 min )

T‑Mobile will acquire Mint mobile for $1.35 billion as the company wants to boost its marketing and 5G market share.  ( 1 min )

New SVB CEO implored customers to return their assets to the bank, as FDIC action made it one of the "safest of any bank or institution in the country."  ( 1 min )

An array of market realities, not the inability to find or drill more oil, may limit U.S. producers long-term.  ( 1 min )

Shares of Credit Suisse (CS) plunged to new all-time lows Friday after the bank's largest shareholder indicated it would not increase its holdings, fueling more turmoil in the global banking sector already shaken by the collapse of Silicon Valley Bank and Signature Bank.  ( 1 min )

U.S. stocks were volatile on March 15, 2023, falling for most of the day before ending mixed as concerns about banks rippled through the markets.  ( 1 min )

News of the day for March 15, 2023  ( 1 min )

Shares of Credit Suisse (CS) plunged to all-time lows Wednesday after the bank's largest shareholder indicated it would not increase its holdings, fueling more turmoil in the global banking sector already shaken by the collapse of Silicon Valley Bank and Signature Bank.  ( 1 min )

While electric vehicles (EVs) are currently a small part of the world’s auto fleets, their numbers are growing. EVs are benefitting from a mix of tailwinds, including improved technologies, social approval, and political will, combining to give a strong impetus to the EV industry. The rapid expansion of EVs has opened up wide fields of opportunity for investors. While the car makers tend to soak up the headlines (think Elon Musk’s Tesla), there are also companies working on charging stations, ba  ( 49 min )

(Bloomberg) -- First Republic Bank, the San Francisco-based lender that was cut to junk by S&P Global Ratings and Fitch Ratings on Wednesday, is exploring strategic options including a sale, according to people with knowledge of the matter.Most Read from BloombergCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionTraders Dash for Cover as Bank Drama Rattles Globe: Markets WrapSwiss Government Holds Talks on Options to  ( 47 min )

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Adobe shares rallied in the extended session Wednesday after the software company topped Wall Street expectations and hiked its outlook for the year.  ( 25 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 12 min )

I am 81 years old. I have a home mortgage balance of $118,300. I also have a $110,000 rollover individual retirement account (IRA) invested with a bank. Should I withdraw the money from my investment and put the money to … Continue reading → The post Ask an Advisor: I'm 81, Have a $118K Mortgage and a $110K IRA. Should I Withdraw From My Investments to Pay off My Mortgage? appeared first on SmartAsset Blog.  ( 49 min )

Adobe said it still expects to close its Figma acquisition by the end of the year. The company also boosted its outlook for the full year.  ( 23 min )

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One of Europe’s biggest banks sparked global market turmoil on Wednesday amid fears it is on the brink of financial disaster.  ( 49 min )

UiPath Inc. stock rose sharply in after-hours trading Wednesday after the company's fourth-quarter results and outlook exceeded Wall Street's expectations.  ( 20 min )

A Fifth Third director spent more than a million dollars to buy the bank's shares after a dip, but then they dipped even further.  ( 21 min )

The chief executive of the world’s biggest money manager has warned that more banks could collapse, as Swiss regulators were last night forced to reassure investors that Credit Suisse was not at risk.  ( 49 min )

Thousands of miles away from New York, a meltdown for Credit Suisse has been hitting global markets, days after Wall Street's own banking stress. U.S....  ( 21 min )

3M CFO Monish Patolawala doesn't believe the company has done anything wrong in the Combat Arms earplugs case, but the stock keeps falling toward a 10-year low.  ( 21 min )

The Biden administration is making good on promises to help lower drug costs, though the impact is largely for Medicare patients.  ( 47 min )

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Business magnate Warren Buffett has long been hailed as one of the greatest value investors in modern America. Through decades of mergers and acquisitions, great investments and adhering to austere investing principles, Buffett earned this title as well as the title World's Richest Person in 2008. Buffett invested in the early stages of The Coca-Cola Co., American Express Co. and several other modern behemoths, mostly before they were the titans you know today. But even Buffett has made some poo  ( 47 min )

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Deciding whether to save in a pretax or Roth account for retirement just got a little easier – at least for people 50 and older. T. Rowe Price has pinpointed how much late-career workers who want to leave money to … Continue reading → The post Switch to Roth Contributions If You Have This Much Money appeared first on SmartAsset Blog.  ( 49 min )

Several banks increased the yields on their deposit account products following the collapse of two banks.  ( 47 min )

U.S. stocks trimmed sharp losses Wednesday afternoon following a report that Swiss authorities and Credit Suisse held talks aimed at stabilizing the troubled...  ( 20 min )

‘Buy the dip’ has not become the ubiquitous phrase it is for no reason. With bank stocks recently falling in unison whether they are in danger of meeting the same fate as SVB and Signature bank or not, there are plenty of ‘buy the dip’ opportunities investors can take advantage of right now. And that’s what one CEO has been doing. Having watched shares of his firm Charles Schwab drop by more than 30% since the crisis began, CEO Walter Bettinger said on Tuesday that he purchased 50,000 shares for  ( 50 min )

The growth outlook dims.  ( 47 min )

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ThermoGenesis Holdings Inc (NASDAQ: THMO) is rolling out a new facility in the Sacramento metro area, containing 12 class-7, ReadyStart cGMP Suites available for lease by early-stage life science and cell gene therapy companies. The roll-out of the ReadyStart Suites is part of ThermoGenesis' previously announced plan to transform from a medical device company to a contract development and manufacturing organization in the cell gene therapy field. The facility is expected to be available for cust  ( 45 min )

If CEO Warren Buffett was a buyer Monday, his company would have to report it later on Wednesday.  ( 24 min )

Tesla’s latest legal issue centers around a growing frustration with owners - obtaining parts and repairs. In a suit seeking class action status in federal court in San Francisco, an owner of a Model S is suing Tesla claiming she must pay exorbitant repair costs and face long wait times for service.  ( 48 min )

Oil is breaking downward from a three-month sideways consolidation pattern. Here's what it means for the commodity and energy stocks.  ( 10 min )

(Bloomberg) -- Credit Suisse Group AG’s funding costs have become so high it either needs to raise more capital or face a break up, Morningstar analyst Johann Scholtz said in a note on Wednesday. Most Read from BloombergCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionTraders Dash for Cover as Bank Drama Rattles Globe: Markets WrapIn New York City, a $100,000 Salary Feels Like $36,000Swiss Government Holds Talks on  ( 48 min )

Oil prices have fallen sharply in recent days amid growing inventories and broad stresses following the failure of multiple U.S. banks.  ( 48 min )

Shares in the Swiss lender hit a fresh record low, reflecting increasing concerns that troubles that hit regional U.S. banks have migrated across the Atlantic.  ( 29 min )

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Let's look at both as we examine SCHW amid the banking crisis.  ( 11 min )

The Board of Directors of Jounce Therapeutics Inc (NASDAQ: JNCE) confirmed that Concentra Biosciences LLC made an unsolicited and non-binding proposal to acquire 100% of the equity of Jounce. Tang Capital Partners LP is the controlling shareholder of Concentra Biosciences. Tang Capital is approximately a 10.2% shareholder of Jounce. The Proposal consists of $1.80 in cash per share plus a contingent value right (CVR) representing the right to receive 80% of the net proceeds payable from any licen  ( 45 min )

There are good reasons to make this contrarian investment, writes Michael Brush.  ( 21 min )

Global shipping giant FedEx will publish its fiscal third quarter results on Thursday (March 16) and is expected to report a fall in profit. Earnings per share and revenue are projected to have dipped compared to a year earlier on weaker demand in the US, Europe, and Asia, and sluggish activity in its Express unit.  ( 46 min )

(Bloomberg) -- The US Treasury Department is monitoring the Credit Suisse situation, a spokesperson said Wednesday, after the bank’s biggest shareholder ruled out boosting its stake and the stock fell the most on record.Most Read from BloombergCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionBofA Gets More Than $15 Billion in Deposits After SVB FailsSignature Bank Faced Criminal Probe Ahead of Firm’s CollapseStock R  ( 46 min )

After bank failures, rate increases, savers sifting cash options should take a hard look at “sweep” accounts  ( 20 min )

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(Bloomberg) -- America’s largest owner of local sports channels filed for bankruptcy after its efforts to pivot its business model were stymied by its unwieldy balance sheet.Most Read from BloombergCredit Suisse Reels After Top Shareholder Rules Out Upping StakeBofA Gets More Than $15 Billion in Deposits After SVB Fails‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapSignature Bank Faced Criminal Probe Ahead of Firm’s CollapseWall Street Frets Over Bank ‘Dominoes’ in Wild Day: Mark  ( 48 min )

Oil futures extend losses, with the U.S. benchmark touching its lowest intraday level since December 2021.  ( 21 min )

(Bloomberg) -- Government debt yields plunged globally as mounting financial-stability concerns prompted bond traders to abandon bets on additional central-bank rate hikes and begin pricing in cuts by the Federal Reserve.Most Read from BloombergCredit Suisse Reels After Top Shareholder Rules Out Upping StakeBofA Gets More Than $15 Billion in Deposits After SVB Fails‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapSignature Bank Faced Criminal Probe Ahead of Firm’s CollapseWall Stre  ( 47 min )

Ebix, Inc (NASDAQ: EBIX) reported a fourth-quarter FY22 revenue decline of 4% year-on-year to $255.21 million, beating the consensus of $251.04 million. The decrease is primarily due to the negative effect of the substantial strengthening of the U.S. dollar. On a constant currency basis, Q4 2022 revenues increased 5% Y/Y. Segments: EbixCash Exchanges revenue declined by 6% Y/Y to $188.9 million, Insurance Exchanges revenue declined by 1% Y/Y to $43.8 million, and RCS revenue was flat Y/Y to $22.  ( 45 min )

Tesla owners have sued Elon Musk’s electric carmaker for allegedly abusing its stranglehold on repairs to overcharge and impose lengthy delays.  ( 47 min )

Apple Inc (NASDAQ: AAPL) is postponing perks for some corporate divisions and expanding a cost-cutting effort joining its peers in streamlining operations amid business slowdown and economic uncertainties. The shift will reduce the frequency of bonuses for a portion of Apple's corporate workforce, Bloomberg reports. Apple is also restricting hiring and leaving additional positions open after employee departure. On Tuesday, Meta Paltforms Inc (NASDAQ: META) shared a second downsizing drive, slash  ( 46 min )

It’s no secret that we’re on the edge of a global energy crisis. Electric utility prices are high – and rising – worldwide, while political winds are pushing to replace fossil fuels with cleaner wind or solar power. The price crunch is exacerbated by the underlying costs of those clean power technologies, in the form of materials and required backup generation capacity. And that has many governments and power utilities taking a second look at nuclear power. Say ‘nuclear power’ and far too may pe  ( 50 min )

T-Mobile said Wednesday that it would pay 39% in cash and 61% in stock for Mint Mobile’s parent company, Ka’ena Corp.  ( 25 min )

(Bloomberg) -- First Republic Bank was cut to junk by S&P Global Ratings amid concern that clients pull holdings from the lender, a move that comes after US regulators pledged support for the banking sector.Most Read from BloombergCredit Suisse Fights to Win Back Confidence as Stock SlumpsBofA Gets More Than $15 Billion in Deposits After SVB Fails‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapSignature Bank Faced Criminal Probe Ahead of Firm’s CollapseRussian Fighter Jet Collides  ( 47 min )

Wall Street analysts sometimes see room for improvement in the price targets of certain stocks, which can be an opportunity for investors to quickly pick up shares that have the potential for strong appreciation. For dividend stocks such as real estate investment trusts (REITs), this is sometimes an opportunity to acquire a REIT while the yield is high as well. Here are four REITs whose recent prices are well below recent analyst price target increases, offering a potential opportunity for stron  ( 48 min )

Last week was brutal for Wall Street and in particular for real estate investment trusts (REITs), as hawkish verbiage by Federal Reserve Chair Jerome Powell and two major bank failures led to massive sell-offs in the major indices. Over the past few weeks, several REITs have benefited from price target hikes by analysts but without lifts in previous analyst positions — until now. Within the last few market days, two well-known REITs have been upgraded by major firms. What has led to these sudden  ( 48 min )

(Bloomberg) -- T-Mobile US Inc. is buying Mint Mobile, the budget wireless provider part owned by actor Ryan Reynolds, for as much as $1.35 billion in an effort to bolster its prepaid phone business and reach more lower-income customers.Most Read from BloombergCredit Suisse Fights to Win Back Confidence as Stock SlumpsBofA Gets More Than $15 Billion in Deposits After SVB Fails‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapSignature Bank Faced Criminal Probe Ahead of Firm’s Collap  ( 47 min )

Some hedge funds reaped a bonanza when AMC’s shareholders voted to allow the movie-theater chain to sell more common shares. Retail investors were on the losing side.  ( 26 min )

The Euro has plunged during the trading session on Wednesday as a major “risk off move” has begun.  ( 47 min )

Jack Welch, the legendary long-time chief executive of General Electric, died on Mar. 1, 2020, almost two decades after he left the company. His corporate legacy died at GE’s recent Investor Day event: Mar. 9, 2023.  ( 49 min )

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U.S. stock were sharply lower Wednesday morning as two economic prints showed a slowdown in February, coupled with fresh turmoil at Credit Suisse (CS) that weighed on sentiment.  ( 48 min )

U.S. stocks opened sharply lower on Wednesday, wiping out all of the prior session’s gains and then some as a punishing selloff in shares of Credit Suisse...  ( 20 min )

Saudi National Bank Chairman Ammar Al Khudairy says taking a stake of more than 10% in Credit Suisse would trigger regulatory complications.  ( 24 min )

HUB Cyber Security Ltd (Nasdaq: HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB" or the "Company"), announced today that the Israeli investment bank, A-Labs ...  ( 49 min )

The digital publisher’s stock lost a quarter of its value on Tuesday after the company projected a sharp revenue decline for the first quarter.  ( 27 min )

Shares in the globally connected Swiss bank Credit Suisse plunged Wednesday and dragged down other major European lenders as fears about deeper problems in the world banking system spread in the wake of bank failures in the United States. At one point, Credit Suisse shares lost more than a quarter of their value, hitting a record low after the bank's biggest shareholder — the Saudi National Bank — told news outlets that it would not inject more money into the bank, which was beset by problems long before the U.S. failures. The turmoil prompted an automatic pause in trading of Credit Suisse shares on the Swiss market and sent shares of other European banks tumbling, some by double digits.  ( 48 min )

Inheriting an IRA, whether a traditional or Roth account, comes with certain responsibilities. The rules for an inherited IRA depend on the specifics of your situation, as well as the deceased's age and other circumstances. Unfortunately, you might have to … Continue reading → The post Inheritance Rules for Traditional and Roth IRAs appeared first on SmartAsset Blog.  ( 49 min )

When you file a federal income tax return, you have the choice between taking the standard deduction and itemizing your deductions. But after the 2017 Trump tax changes, which nearly doubled the standard deduction, many taxpayers who lowered their tax bill by … Continue reading → The post Tax Breaks You Can Claim Without Itemizing appeared first on SmartAsset Blog.  ( 49 min )

(Bloomberg) -- When Exxon Mobil Corp.’s newest addition to its southeast Texas refinery ramps up to full production in the next few weeks, it’ll be the first major expansion of US fuel-making capacity in at least a decade. And probably the last.Most Read from BloombergCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionSignature Bank Faced Criminal Probe Ahead of Firm’s CollapseBofA Gets More Than $15 Billion in Deposi  ( 50 min )

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BlackRock Inc. co-founder and CEO Larry Fink warned his firm's investors that the Federal Reserve's aggressive interest-rate hikes were the "first domino to...  ( 21 min )

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U.S. military spending could hit $842 billion in fiscal year 2024, up from an expected $816 billion in fiscal year 2023. Defense stocks aren't reacting to the news.  ( 24 min )

JPMorgan Chase, Citigroup and Wells Fargo were all trading lower in the premarket.  ( 24 min )

The software company's fourth-quarter earnings showed a reversal of fortunes and smashed expectations.  ( 23 min )

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Nouriel Roubini, the high-profile economist and chief economist of Roubini Macro Associated, said on Wednesday that a Credit Suisse failure would be like a...  ( 20 min )

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The U.S.-listed shares of Oatly Group AB soared 13.1% in premarket trading Wednesday, after the Sweden-based oat-based drink company reported...  ( 20 min )

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Sources familiar with the matter say former Silicon Valley Bank customers are looking to put their money in the safest institution possible.  ( 47 min )

(Bloomberg) -- Credit Suisse Group AG shares plunged and credit default swaps were near a distressed level after its biggest shareholder ruled out any additional support. Most Read from Bloomberg‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapBofA Gets More Than $15 Billion in Deposits After SVB FailsRussian Fighter Jet Collides With US Drone Over Black SeaSignature Bank Faced Criminal Probe Ahead of Firm’s CollapseUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeSaudi  ( 48 min )

The early big selloff in the Dow Jones Industrial Average is unanimous, as the stocks of all 30 components were trading lower. The biggest losers were...  ( 20 min )

Citi analyst Keith Horowitz on Wednesday upgraded Truist Financial Corp. to buy despite headwinds in the market on earnings challenges and potential...  ( 20 min )

The shorts have cleaned up.  ( 46 min )

Investigators and investors look at SVB, more Meta job cuts, AMC shares conversion approved, and other news to start your day.  ( 24 min )

Swiss banking giant Credit Suisse on Wednesday saw its shares fall to a new record low, pressuring the broader market and the rest of the European banking...  ( 21 min )

The mood in stock markets was initially calmer as traders eyed retail sales and producer prices data due Wednesday.  ( 21 min )

Rattled by the collapse of three U.S. banks within a week, customers poured $15 billion into the too-big-to-fail bank.  ( 21 min )

(Bloomberg) -- China’s central bank echoed President Xi Jinping’s warning that the US is seeking to suppress the world’s second-largest economy, an unusual move that suggests the central bank could be looking for ways to safeguard against possible further sanctions. Most Read from BloombergCredit Suisse Reels After Top Shareholder Rules Out Upping StakeBofA Gets More Than $15 Billion in Deposits After SVB FailsRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionWall Street Frets Ove  ( 49 min )

Synchrony Financial disclosed Wednesday that over-30 day loan delinquencies and and net charge-offs, or debt owed that was written off, as a percentage of...  ( 20 min )

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Have a question about your own retirement savings? Email us at HelpMeRetire@marketwatch.com  ( 20 min )

Have an issue with your financial adviser or looking for a new one? Email picks@marketwatch.com.  ( 25 min )

(Bloomberg) -- The cost of insuring the bonds of Credit Suisse Group AG against default in the near-term is approaching a level that typically signals serious investor concerns.Most Read from Bloomberg‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapBofA Gets More Than $15 Billion in Deposits After SVB FailsRussian Fighter Jet Collides With US Drone Over Black SeaSignature Bank Faced Criminal Probe Ahead of Firm’s CollapseUS Core CPI Tops Estimates, Pressuring Fed as It Weighs Hike  ( 48 min )

More than just burying one of their banks, rising rates are pushing the tech industry to a "year of efficiency."  ( 48 min )

(Bloomberg) -- Stocks in Europe declined amid disappointing results from large clothing retailers and worries over Credit Suisse Group AG. US equity futures edged lower and short-end Treasury yields rose as sticky inflation supported bets for further Federal Reserve rate hikes.Most Read from Bloomberg‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapRussian Fighter Jet Collides With US Drone Over Black SeaUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeSignature Bank Fac  ( 49 min )

Zillow chief economist gives two predictions for how the shutdown of Silicon Valley Bank could impact the housing market in 2023.  ( 47 min )

(Bloomberg) -- Credit Suisse Group AG Chairman Axel Lehmann said government assistance “isn’t a topic” for the lender as the Swiss bank seeks to shore up confidence among clients, investors and regulators after a series of missteps.Most Read from Bloomberg‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapBofA Gets More Than $15 Billion in Deposits After SVB FailsRussian Fighter Jet Collides With US Drone Over Black SeaSignature Bank Faced Criminal Probe Ahead of Firm’s CollapseUS Co  ( 48 min )

'Rushed action leads to more pain,' one financial adviser says.  ( 21 min )

Silicon Valley Bank sold its bond portfolio last week to Goldman Sachs, a move that reportedly set SVB failure in motion and caused depositors to flee.  ( 47 min )

“Americans can rest assured that our banking system is safe. Your deposits are safe.” As guarantees go, they don’t come much better than a personal one from the US president – delivered from the White House lectern too, for added punch.  ( 49 min )

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(Bloomberg) -- The head of one of the world’s largest asset managers called Moody’s Investors Service’s outlook cut for the US banking system “a terrible overreaction” and said regulators had reassured the market following the collapse of three lenders.Most Read from Bloomberg‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapBofA Gets More Than $15 Billion in Deposits After SVB FailsRussian Fighter Jet Collides With US Drone Over Black SeaSignature Bank Faced Criminal Probe Ahead of  ( 47 min )

When Oatly reports its fourth-quarter results on March 15, some analysts expect the plant-based milk company to show a path toward profitability.  ( 47 min )

‘I’m not sure it's my obligation to repay her debt.'  ( 21 min )

(Bloomberg) -- Liquidity in the world’s largest bond market is evaporating as the US banking crisis muddies the outlook for the Federal Reserve’s monetary policy.Most Read from Bloomberg‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapRussian Fighter Jet Collides With US Drone Over Black SeaUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptBofA Gets More Than $15 Billion in Deposits After SVB FailsBid-ask sprea  ( 47 min )

The e-commerce company is negotiating a stalking-horse bid for its assets.  ( 26 min )

The Wall Street giant purchased securities and attempted to raise capital as Silicon Valley Bank tried to survive, according to filings.  ( 47 min )

Private mortgage insurance (PMI) is often required for conventional mortgages with less than a 20% down payment. Learn how PMI is used and how to avoid paying for it.  ( 21 min )

Switzerland’s central bank said Wednesday it’s ready to provide financial assistance to Credit Suisse Group, the nation’s second-largest lender, whose stock slid to all-time lows after the bank’s top shareholder indicated it wouldn’t invest further in the company.  ( 11 min )

Goldman Sachs reduced its forecast for 2023 U.S. economic growth on concerns that turmoil in the banking sector could lead to a lending pullback.  ( 10 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 10 min )

U.S. stocks were volatile on March 15, 2023, falling for most of the day before ending mixed as concerns about banks rippled through the markets.  ( 11 min )

Mortgages include many fees, and junk fees, or unneecessary fees, may be included without a homebuyer noticing. Here's what to watch out for with mortgage fees.  ( 17 min )

Junk fees are unnecessary or excessive charges included in the process of closing on a real estate purchase. They can also be found in other forms of banking and lending.  ( 16 min )

Silicon Valley Bank (SVB) and Signature Bank's balances were mostly uninsured—and other regional banks have less, but still significant, uninsured deposits.  ( 11 min )

The producer price index is a monthly measure of change in the prices received by domestic producers.  ( 18 min )

A bank account is convenient for cashing checks, but that may not be an option if you’re unbanked. Learn where to cash a check without a bank account.  ( 19 min )

New SVB CEO implored customers to return their assets to the bank, as FDIC action made it one of the "safest of any bank or institution in the country."  ( 12 min )

BlackRock Inc CEO Larry Fink warned investors on Wednesday the U.S. regional banking sector was still at risk and that higher inflation and interest rates were here to stay.  ( 11 min )

Rates on 30-year mortgages climbed modestly, reversing a two-day decline that had taken the average to a four-week low.  ( 12 min )

An FDIC Insured Account is a bank or thrift account that is covered or insured by the Federal Deposit Insurance Corporation (FDIC).  ( 17 min )

Shares of Credit Suisse (CS) plunged to all-time lows Wednesday after the bank's largest shareholder indicated it would not increase its holdings, fueling more turmoil in the global banking sector already shaken by the collapse of Silicon Valley Bank and Signature Bank.  ( 12 min )

To help you find the right CD or savings account, we research 200 financial institutions every business day to unearth the best rates. This guide explains the criteria we use.  ( 12 min )

Shares of Credit Suisse (CS) plunged to new all-time lows Friday after the bank's largest shareholder indicated it would not increase its holdings, fueling more turmoil in the global banking sector already shaken by the collapse of Silicon Valley Bank and Signature Bank.  ( 12 min )

An array of market realities, not the inability to find or drill more oil, may limit U.S. producers long-term.  ( 15 min )

A trader is someone who engages in the purchase or sale of assets in any financial market, either for themselves, or on behalf of another party.  ( 21 min )

A no-penalty certificate of deposit, also known as a liquid CD, allows investors to make early withdrawals without paying a penalty. But they also pay lower interest rates.  ( 17 min )

A shelf offering is an SEC rule allowing an issuer to register new partial issues  ( 15 min )

Justice Department investigators in Washington and Manhattan were examining if the New York-based bank had sufficient safeguards to detect potential money laundering by clients.  ( 12 min )

Makers of 27 prescriptions drugs, where Q4 2022 price increases outpaced inflation, will have to offer rebates to Medicare beneficiaries or pay fines.  ( 11 min )

Wholesale inflation unexpectedly dropped last month to the lowest annual rate in almost two years as prices for food and energy declined.  ( 11 min )

Individual investors are still cautious with their investments and continue to curb their risk appetite amid a rise in market volatility, uncertainty around interest rates and inflation, and recent concerns about the health of the nation’s financial sector.  ( 11 min )

T‑Mobile will acquire Mint mobile for $1.35 billion as the company wants to boost its marketing and 5G market share.  ( 11 min )

M1 Finance and Wealthfront are two of our top robo-advisors but offer extremely different services. M1's forte is automated investing, but it doesn't offer advice. Wealthfront is strong when it comes to setting financial goals.  ( 24 min )

The history of the FDIC includes how it developed deposit insurance and adjusted it through the decades. Learn how the FDIC started and about its key changes.  ( 22 min )

News of the day for March 15, 2023  ( 11 min )

Personal finance influencers share tips and ideas about how to manage money with their followers. How to tell if an influencer is the real thing.  ( 18 min )

If you want to manage your finances responsibly, you’ll need to overcome four big challenges.  ( 16 min )

The cost of revenue is the total cost of manufacturing and delivering a product or service and is found in a company's income statement.  ( 18 min )

Obtain information about specific financial ratios investors should monitor to get early warnings about companies potentially headed for bankruptcy.  ( 14 min )

De Zwitserse centrale bank belooft de geplaagde bank Credit Suisse financiële steun als dat nodig is. Dat heeft de centrale bank woensdag in een verklaring naar buiten gebracht.  ( 3 min )

Nederlandse banken beschikken over voldoende financiële buffers en zijn daarmee "weerbaar om schokken op de markten op te vangen". Dat laat het ministerie van Financiën weten naar aanleiding van de recente onrust op de beurzen, waar bankaandelen woensdag zware klappen kregen.  ( 4 min )

Het plan van de Zuid-Koreaanse regering om de maximale werkweek van 52 naar 69 uur te verlengen, gaat waarschijnlijk niet door. Dat meldt de Britse krant The Guardian woensdag. Veel jongeren in het land protesteerden tegen het plan, omdat het hun gezondheid in gevaar zou brengen.  ( 3 min )

Laat GPT-4 een plaatje zien van een eekhoorn met een verrekijker en de computer vertelt je waarom dat grappig is. Dat het systeem afbeeldingen verwerkt en beredeneert wat hij ziet, is een van de vernieuwingen in de opvolger van de populaire chatbot ChatGPT.  ( 7 min )

De Amsterdamse beurs is woensdag opnieuw onderuitgegaan door zware koersverliezen in de financiële sector. Aandelen van ING, ABN AMRO en andere Europese banken kelderden hard. Dat heeft alles te maken met de problemen bij de Zwitserse bank Credit Suisse. Wat is er aan de hand?  ( 5 min )

Morgen wordt in 64 ziekenhuizen gestaakt en de tweede landelijke ziekenhuisstaking wordt al voorbereid. Ergens in april moeten tientallen ziekenhuizen door die staking waarschijnlijk weer een dag alle geplande zorg uitstellen. Ziekenhuizen draaien bij stakingen een 'zondagsdienst', wat betekent dat er alleen spoedeisende zorg wordt uitgevoerd.  ( 4 min )

Zo'n 3,8 miljoen mensen reisden in februari van, naar of via luchthaven Schiphol. Dat zijn zo goed als een miljoen reizigers minder dan in dezelfde maand in 2000, toen het coronavirus om zich heen begon te grijpen.  ( 3 min )

Facebook heeft de wet overtreden bij de verwerking van persoonsgegevens van Nederlandse gebruikers, oordeelt de rechtbank Amsterdam woensdag. Het socialemediabedrijf gebruikte de gegevens voor advertentiedoeleinden en verstrekte ze aan andere bedrijven, terwijl dat niet mocht.  ( 3 min )

De Russische olie- en gasproductie zal dit jaar naar verwachting afnemen door de westerse sancties en een gebrek aan Europese kopers. Dat heeft de Russische minister Nikolai Shulginov (Energie) woensdag voorspeld.  ( 2 min )

Essent biedt weer vaste contracten onder het prijsplafond aan, maakte het energiebedrijf woensdag bekend tijdens een toelichting op de jaarresultaten. Veel energieleveranciers stopten vorig jaar met vaste contracten vanwege de zeer sterke stijging van de energieprijzen.  ( 3 min )

De Amsterdamse beurs is woensdag opnieuw hard onderuitgegaan door zware koersverliezen in de financiële sector. Dinsdag wisten de banken en verzekeraars juist nog te herstellen van de recente verkoopgolf. Die volgde op het omvallen van de Amerikaanse banken Silicon Valley Bank en Signature Bank.  ( 3 min )

De steunmaatregelen voor de energierekening van Britse huishoudens zijn met drie maanden verlengd. Dat maakte de Britse regering woensdag bekend voorafgaand aan de presentatie van de begrotingsplannen. Minister van Financiën Jeremy Hunt zal die later op de dag houden.  ( 3 min )

De inflatie in Argentinië is in de afgelopen maand uitgekomen op het duizelingwekkende percentage van 102,5 procent; het leven was dus meer dan twee keer zo duur als een jaar eerder. Het is voor het eerst sinds 1991 dat het land van Lionel Messi en Máxima weer een inflatiecijfer met drie getallen publiceert.  ( 3 min )

TikTok overweegt zich af te splitsen van zijn Chinese moederbedrijf ByteDance om zorgen bij westerse landen weg te nemen, meldt persbureau Bloomberg. Die zijn bang dat de Chinese overheid het sociale netwerk misbruikt om ons te bespioneren.  ( 3 min )

Supermarktketen Albert Heijn (AH) stopt met de plastic clips die gebruikt worden om de zakken met brood, bolletjes en eierkoeken dicht te maken. Dat scheelt op jaarbasis 125 miljoen clipjes, aldus het bedrijf. Vanaf nu worden ze geleidelijk vervangen door clips van papier, zoals die ook bij bakkers steeds vaker te zien zijn.  ( 4 min )

Opeens kreeg berichtendienst Mastodon er vorig jaar enorm veel gebruikers bij. En dat is niet heel toevallig: Elon Musk had namelijk net de overname van Twitter afgerond. Ontevreden twitteraars vonden op Mastodon een nieuw onderkomen. Veel gebruikers zijn inmiddels weer vertrokken, maar de interesse van Facebook-moederbedrijf Meta in het platform is gewekt.  ( 5 min )

Opeens kreeg berichtendienst Mastodon er vorig jaar enorm veel gebruikers bij. En dat is niet heel toevallig: Elon Musk had namelijk net de overname van Twitter afgerond. Ontevreden twitteraars vonden op Mastodon een nieuw onderkomen. Veel gebruikers zijn inmiddels weer vertrokken, maar de interesse van Facebook-moederbedrijf Meta in het platform is gewekt.  ( 5 min )

Bank's shares fall anew after it acknowledges controls over financial reporting `were not effective.'  ( 1 min )

United Airlines Holdings (UAL) is the worst-performing stock in the S&P 500 after the carrier said it would incur a loss in the current quarter due to lower demand and higher costs.  ( 1 min )

The Fed's new funding program for ailing banks may not be of much use to regional banks because they don't hold the securities they need to pledge to get the Fed's help.  ( 1 min )

News of the day for March 14, 2023  ( 1 min )

U.S. stocks traded higher on March 14, with the CPI pointing to a slowdown in inflation and a rally in shares that have been battered by banking woes.  ( 1 min )

Bank Stocks Rally on Speculation Fed Will Pause Rate Hikes to Shore up Sector  ( 1 min )

A report reveals regional and mid-sized banks have unrealized losses that have vastly reduced their fair market values and attracted unwanted attention from credit ratings agencies.  ( 1 min )

An insured financial institution is any bank or savings institution covered by some form of deposit insurance.  ( 15 min )

A report reveals regional and mid-sized banks have unrealized losses that have vastly reduced their fair market values and attracted unwanted attention from credit ratings agencies.  ( 13 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 10 min )

Justice Department, SEC looking into Bank's swift collapse, timing of executives' share sales  ( 11 min )

U.S. stocks traded higher on March 14, with the CPI pointing to a slowdown in inflation and a rally in shares that have been battered by banking woes.  ( 11 min )

One 11-year-old boy racked up $140 of in-game purchases over eight days  ( 11 min )

Bank failure is the closing of an insolvent bank by a federal or state regulator. Learn what causes a bank failure and about examples of bank failures.  ( 16 min )

The Fed's new funding program for ailing banks may not be of much use to regional banks because they don't hold the securities they need to pledge to get the Fed's help.  ( 13 min )

California's AB5 set rules for gig workers and firms hiring them. AB2257 modified them and Prop 22 exempted app-based drivers and companies.  ( 22 min )

Prop 22 is a controversial California law that lets companies such as Uber and Lyft classify workers as independent contractors instead of employees.  ( 15 min )

Reinstatement of Prop 22 in California returns Uber, Lyft, and Doordash drivers to limited benefits and permanant contractor status, pending an expected State Supreme Court appeal.  ( 13 min )

Find out about the benefits, features, and interest charges of the Goodyear Credit Card. Learn which customers benefit most and who the competition is.  ( 18 min )

Universal banking is when financial institutions offer a wide variety of financial services for their customers as a one-stop shop.  ( 16 min )

A high-yield savings account can make your money go further. Find out the top benefits and how to choose an account that’s right for you.  ( 11 min )

Bank reserves are the cash minimums financial institutions must retain to meet central bank requirements. Read how bank reserves affect the economy.  ( 17 min )

Bank's shares fall anew after it acknowledges controls over financial reporting `were not effective.'  ( 11 min )

The most widely watched measure of inflation is being driven up by a measure of housing costs that no one actually pays.  ( 12 min )

A hurdle rate is the minimum rate of return on a project or investment required by a manager or investor.  ( 18 min )

Bankruptcy court is a specific kind of federal court that deals with bankruptcy.  ( 22 min )

Secured creditors are paid first, followed by unsecured creditors. If there is any money left, shareholders are paid.  ( 21 min )

Binance's banking partner in the UK has ended its operating agreement, effectively cutting off GBP users from withdrawals and deposits.  ( 11 min )

The Consumer Price Index For All Urban Consumers measures monthly change in U.S. consumer prices.  ( 16 min )

The Jade Lizard is a relatively simple and popular strategy for trading options. It's best deployed when the trader has a neutral to bullish view of a security.  ( 14 min )

Janice Eberly is an American economist, she is a frontrunner for the post of vice chair of the Federal Reserve.  ( 17 min )

Chinese tech company Baidu (BIDU) has been working to meet a March 16 deadline for the launch of its AI chatbot nicknamed 'Ernie Bot.'  ( 12 min )

The Federal Deposit Insurance Corp. (FDIC) is an independent federal agency that provides insurance to U.S. banks and thrifts.  ( 16 min )

Opening a crypto exchange account is an essential step in buying ApeCoin (APE). Learn what you need to open a crypto exchange account and how to do it.  ( 15 min )

Bank Stocks Rally on Speculation Fed Will Pause Rate Hikes to Shore up Sector  ( 12 min )

Venture capital is money, technical, or managerial expertise provided by investors to startup firms with long-term growth potential.  ( 28 min )

United Airlines Holdings (UAL) is the worst-performing stock in the S&P 500 after the carrier said it would incur a loss in the current quarter due to lower demand and higher costs.  ( 10 min )

These federal agencies regulate banks, credit unions, savings and loans, mortgage lenders, and the stock market in the United States  ( 19 min )

Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.  ( 29 min )

Thirty-year mortgage rates dip further after the previous day's major drop, reducing the flagship average to its lowest level in a month.  ( 12 min )

The federal discount rate is the reference interest rate set by the Federal Reserve for lending to banks and other institutions.  ( 17 min )

Low-income loans can help those with limited income access funds for emergency expenses or other needs. Learn more about the types of loans available, eligibility requirements, and how to apply.  ( 16 min )

A qualifying relative can be designated a dependent for tax purposes if financially supported by the taxpayer.  ( 15 min )

Learn what happens when a company files for Chapter 7 or 11 Bankruptcy and the effects on shareholders equity.  ( 17 min )

The FDIC insures deposit accounts, including certificates of deposit, for up to $250,000 per depositor, per FDIC-insured bank, per ownership category.  ( 15 min )

Find out why mutual funds are not insured by the FDIC, including how to minimize your risk with educated mutual fund investments.  ( 17 min )

Find out how this institution has stabilized the U.S. economy during economic downturns.  ( 21 min )

A bank run is when many customers withdraw their deposits simultaneously over concerns about the bank's solvency. Learn what governments do to try to prevent bank runs.  ( 19 min )

Learn which metrics are most useful to evaluate companies in the banking sector and the issues when comparing them across the various banks.  ( 15 min )

Opening a crypto exchange account is an essential step in buying Uniswap (UNI). Learn what you need to open a crypto exchange account and how to do it.  ( 14 min )

Consumer inflation cooled last month, signaling some success in the Federal Reserve’s interest rate campaign and fueling speculation policymakers have more leeway to slow the pace of increases in the wake of high-profile bank failures.  ( 11 min )

Meta follows Twitter's infamous blue check plan as ad revenue falls  ( 11 min )

The average personal loan rate climbed almost a quarter point this week, fueled by a notable increase for those with Excellent credit.  ( 11 min )

News of the day for March 14, 2023  ( 11 min )

As the fallout from the collapse of Silicon Valley Bank and Signature Bank rattles U.S. financial markets, President Biden called for stiffer banking regulations. The bank failures mark the second and third-largest in U.S. history, respectively, after the collapse of Washington Mutual in 2008.  ( 10 min )

Rates on 30-year mortgages saw a major drop, reducing the average almost three-tenths of a point to its lowest level in three weeks.  ( 12 min )

The 1988 Basel 1 agreement sought to decrease bankruptcies among major international banks.  ( 18 min )

Charles Schwab and Fidelity are two of the top brokers for U.S. traders and investors. Both offer a similar experience, but Fidelity has small advantages.  ( 18 min )

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Vacasa is trying to achieve profitability in 2023 while homeowners are leaving its platform, and it's forecasting that gross booking values will decline. Tough stuff.  ( 46 min )

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The electric vehicle maker's cash balance at the end of 2022 almost equals the company's market capitalization.  ( 23 min )

Bridgewater founder Ray Dalio says the Silicon Valley Bank collapse signals more turbulence ahead for the venture-capital industry and beyond.  ( 20 min )

(Bloomberg) -- Regional bank leaders are snapping up shares of their companies’ stocks, taking advantage of a selloff fueled by the fallout from Silicon Valley Bank’s collapse.Most Read from Bloomberg‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapRussian Fighter Jet Collides With US Drone Over Black SeaUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptBillionaire Charles Schwab’s Fortune Is Slammed by SVB Fal  ( 47 min )

These are the stocks moving in after-hours trade on March 14, 2023.  ( 46 min )

Carl Icahn is worried about the economy in the wake of action taken by the government to mitigate one of the largest bank failures in U.S. history.  ( 21 min )

Lumen's valuation is the lowest among the S&P 500's components.  ( 21 min )

The movie-theater chain won shareholders’ backing to sell new common stock, a financial lifeline for the company as it continues to lose money because of low cinema attendance.  ( 26 min )

The Fed's new funding program for ailing banks may not be of much use to regional banks because they don't hold the securities they need to pledge to get the Fed's help.  ( 13 min )

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(Bloomberg) -- Charles Schwab Corp. climbed Tuesday, paring the prior day’s decline, after Chief Executive Officer Walt Bettinger told CNBC that he bought 50,000 shares for his own account.Most Read from Bloomberg‘Old-School’ Signature Bank Collapsed After Its Big Crypto LeapRussian Fighter Jet Collides With US Drone Over Black SeaUS Core CPI Tops Estimates, Pressuring Fed as It Weighs HikeCredit Suisse Finds ‘Material’ Control Lapses After SEC PromptBillionaire Charles Schwab’s Fortune Is Slamm  ( 47 min )

First Republic (FRC) and other regional banks are up sharply, in a stunning reversal from the previous session when the sector was hammered following the collapse of Silicon Valley Bank.  ( 46 min )

While social issues have dominated news coverage recently, one of the most contentious and important issues in Washington never changes - tax policy. One of former President Donald Trump's biggest victories was his 2017 tax plan that drastically reduced taxes … Continue reading → The post Are You Rich? Biden Wants to Double Your Capital Gains Taxes and Implement a Wealth Tax appeared first on SmartAsset Blog.  ( 48 min )

LPL, the nation’s largest independent broker-dealer, doesn’t face the same cash sorting concerns as other wealth management companies, analysts say.  ( 24 min )

In the wake of multiple bank collapses over the past week, many banking stocks’ valuations have fallen sharply and are trading at deep discounts right now. One investor, however, that definitely won’t be looking for any bargains amongst the carnage is ‘Shark Tank’ star Kevin O’Leary. With the government having stepped in to ensure depositors walk away unscathed from the SVB and Signature Bank debacles, O’Leary anticipates a flurry of tighter regulation around banks, regional or not, and that wil  ( 49 min )

Billionaire Kenneth (Ken) Griffin controlled Citadel Advisors LLC disclosed a 5.3% stake in Western Alliance Bancorp (NYSE: WAL). Citadel Advisors, a hedge fund, owns around 5.8 million shares of Western Alliance, according to an SEC filing. The bank's shares gained as the stock recovered after a selloff triggered due to the Silicon Valley Bank and Signature Bank meltdown. Western Alliance was one of several banks that witnessed the contagion worries and ripple effect from the downfall of the Si  ( 46 min )

As many regional bank stocks fall, here's a deep look at what the FDIC insures and doesn't.  ( 25 min )

Bill Holdings has said it held about $670 million at Silicon Valley Bank, but said its existing cash was sufficient to meet its working capital and other requirements.  ( 24 min )

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The February consumer price report for February was not good enough to stop the Federal Reserve from hiking next week, many analysts believe.  ( 21 min )